Total amount raised
$2.5 Million
Latest funding date
1/1/2016
Location
Manychat has successfully raised funding over five rounds, with the latest being a Series B round led by Summit Partners. The platform offers chat marketing solutions that automate conversations across Instagram, WhatsApp, TikTok, and Messenger.
Keep reading to explore the intricacies of Manychat's fundraising journey and the investors backing this innovative platform.
What Is Manychat?
Manychat is a chat marketing platform that helps businesses automate conversations and engage with customers across messaging channels like Instagram, WhatsApp, TikTok, and Messenger. The company is based in San Francisco, California, and operates in the Marketing, Messaging, Sales, and Software industries.
Founded in 2015, Manychat has grown to employ between 251 and 500 people. The platform is designed to simplify chat marketing by providing powerful automation tools, making it easier for businesses to engage with their audience and drive sales through personalized conversations.
How Much Funding Has Manychat Raised?
- Seed Round
- Amount Raised: USD 125,000
- Date: December 2015
- Lead Investors: 500 Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Manychat's chat marketing platform.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: August 2016
- Lead Investors: Skywell Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more users.
- Seed Round
- Amount Raised: USD 4,000,000
- Date: November 2017
- Lead Investors: Flint Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Series A
- Amount Raised: USD 18,000,000
- Date: April 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire for various operational roles, including research and development, marketing, and customer success.
- Series B
- Amount Raised: USD 140,000,000
- Date: April 2025
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion in the chat marketing platform space.
Total Amount Raised: USD 163,125,000. Current Valuation: Not publicly disclosed.
Key Investors
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. Founded in 1984, the firm has raised more than $23 billion in capital.
- Investment Focus Areas: Technology, healthcare, financial services, consumer, industrial.
- Notable Investments: Uber, Avast, McAfee.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage companies. The firm has been involved in the growth of several high-profile companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Flint Capital
- Details: Flint Capital is an international venture capital firm that invests in early-stage technology companies. The firm focuses on companies with strong potential for market disruption.
- Investment Focus Areas: Technology, cybersecurity, digital health.
- Notable Investments: WalkMe, CyberX, Socure.
- Skywell Capital Partners
- Details: Skywell Capital Partners is a venture capital firm that invests in early-stage startups. The firm aims to support innovative companies with high growth potential.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- 500 Global
- Details: 500 Global, formerly known as 500 Startups, is a venture capital firm that invests in early-stage startups across various sectors. The firm has a global presence and a diverse portfolio.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Not specified.
What's Next for Manychat?
Manychat stands at the cusp of significant growth opportunities, driven by the increasing shift towards messaging apps for customer engagement. With over 2 billion people using these platforms globally, Manychat's potential to expand its reach is immense. The company is well-positioned to leverage this trend by integrating more messaging apps like Instagram, WhatsApp, and RCS, thereby broadening its user base and enhancing customer engagement.
Future fundraising opportunities appear promising as Manychat continues to scale. The successful Series A round led by Bessemer Venture Partners and Flint Capital indicates strong investor confidence. As the company expands its platform and features, additional funding rounds are likely to support further growth and development.
However, Manychat may face challenges such as competition from other customer engagement platforms and the need to keep up with rapid technological advancements. Ensuring data privacy and security will also be crucial as the platform scales. Despite these hurdles, Manychat's strategic positioning and robust investor backing suggest a bright future ahead.
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