Total amount raised
$1.3 Billion
Latest funding date
3/1/2018
Location
Intercom has successfully raised funding over six rounds, with the latest being a Series D round involving five investors, including Kleiner Perkins as a lead investor. The company is backed by 32 investors, with notable names such as ICONIQ Growth and Bessemer Venture Partners.
Keep reading to explore the intricacies of Intercom's fundraising journey and the investors backing this innovative platform.
What Is Intercom?
Intercom is a software company based in San Francisco, California, specializing in modern customer service solutions. The company operates in the CRM, Marketing Automation, SaaS, and Sales Automation industries, aiming to redefine how businesses support their customers.
Founded with a vision to enhance customer service, Intercom has grown to employ between 501-1000 people. The company has successfully raised funding over multiple rounds, with notable investors including ICONIQ Growth and Bessemer Venture Partners.
How Much Funding Has Intercom Raised?
- Seed Round
- Amount Raised: USD 1,000,000
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: USD 750,000
- Date: August 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand the team.
- Series A
- Amount Raised: USD 6,000,000
- Date: June 2013
- Lead Investors: Social Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance product features.
- Series B
- Amount Raised: USD 23,000,000
- Date: January 2014
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve customer support capabilities.
- Series C
- Amount Raised: USD 35,000,000
- Date: August 2015
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new product lines.
- Series C
- Amount Raised: USD 50,000,000
- Date: April 2016
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global operations and enhance technological infrastructure.
- Series D
- Amount Raised: USD 125,000,000
- Date: March 2018
- Lead Investors: Kleiner Perkins
- Valuation at Round: USD 1.275 billion
- Motivation Behind the Round: To expand operations and build new software features.
Total Amount Raised: USD 240,750,000. Current Valuation: USD 1.275 billion.
Key Investors
- Kleiner Perkins
- Details: Kleiner Perkins is a leading venture capital firm based in Silicon Valley, known for investing in early-stage and growth companies. They have a strong track record of backing successful tech startups.
- Investment Focus Areas: Technology, enterprise software, consumer internet, healthcare, green technology.
- Notable Investments: Google, Amazon, Twitter, Uber, Airbnb.
- ICONIQ Growth
- Details: ICONIQ Growth is a venture capital firm that typically invests in high-growth technology companies. They participated in Intercom's Series C round.
- Investment Focus Areas: High-growth technology companies.
- Notable Investments: Known for investing in high-profile tech companies.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that focuses on early-stage and growth-stage investments in technology companies. They participated in Intercom's Series B round.
- Investment Focus Areas: SaaS, cloud computing, technology.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They participated in Intercom's Series C round.
- Investment Focus Areas: Technology, e-commerce, fintech.
- Notable Investments: Dropbox, Etsy, Robinhood.
- Social Capital
- Details: Social Capital is a venture capital firm that focuses on investing in companies that aim to solve the world's hardest problems. They led Intercom's Series A round.
- Investment Focus Areas: Healthcare, education, financial services.
- Notable Investments: Slack, SurveyMonkey, Box.
What's Next for Intercom?
Intercom stands at the cusp of significant growth opportunities. With a recent $125 million funding round, the company is poised to expand its operations and develop new software features. The increasing use of messaging-first products and the growing importance of customer engagement tools present a vast market for Intercom to tap into.
Future fundraising opportunities seem promising, given the company's strong market presence and high valuation. As Intercom continues to innovate, it may attract further investments to support its expansion and the development of new AI capabilities. However, challenges such as scaling operations and staying ahead in a competitive market will require continuous innovation and strategic planning.
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