Total amount raised
$11.8 Million
Latest funding date
2/1/2018
Location
Mixmax has successfully raised funding over three rounds, with the latest being a Series A round. The company is backed by 20 investors, including Teamworthy Ventures and SaaStr Fund.
Keep reading to explore the intricacies of Mixmax's fundraising journey and the investors backing this innovative platform.
What Is Mixmax?
Mixmax is a sales engagement platform designed to help sales and customer success teams accelerate revenue at every stage of the customer journey. The company operates in the Email, Internet, SaaS, and Software industries and is based in San Francisco, California.
Founded with the mission to streamline sales processes, Mixmax employs between 101-250 people. The platform offers features like multichannel sequences, email enhancements, scheduling, and meeting management, making it a comprehensive tool for sales teams.
How Much Funding Has Mixmax Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: April 2015
- Lead Investors: Harrison Metal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Seed Round
- Date: May 2016
- Investor Count: 1
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and expand the team.
- Series A Round
- Amount Raised: USD 10,350,000
- Date: February 2018
- Lead Investors: Creandum, Jason Lemkin
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the team, add support for new platforms, launch a mobile interface, and accelerate overall growth.
Total Amount Raised: USD 13,350,000. Current Valuation: Not publicly disclosed.
Key Investors
- Creandum
- Details: Creandum is a venture capital firm that invests in early-stage technology companies. Carl Fritjofsson is associated with Creandum and is one of the backers of Mixmax.
- Investment Focus Areas: Technology, SaaS, Internet
- Notable Investments: Spotify, iZettle, Klarna
- Jason Lemkin
- Details: Jason Lemkin is associated with SaaStr, a community of SaaS founders and entrepreneurs. He is one of the investors in Mixmax.
- Investment Focus Areas: SaaS, Technology, Startups
- Notable Investments: Algolia, Talkdesk, Pipedrive
- Harrison Metal
- Details: Harrison Metal is a venture capital firm. Michael Dearing from Harrison Metal is mentioned as a previous investor in Mixmax.
- Investment Focus Areas: Technology, Education, Consumer
- Notable Investments: AdMob, Heroku, ModCloth
- Teamworthy Ventures
- Details: Teamworthy Ventures is a venture capital firm that focuses on partnering with technology companies. They are one of the recent investors in Mixmax.
- Investment Focus Areas: Technology, SaaS, Internet
- Notable Investments: Notion, Frame.io, SeatGeek
- SaaStr Fund
- Details: SaaStr Fund is a venture capital firm that invests in early-stage SaaS companies. They are one of the recent investors in Mixmax.
- Investment Focus Areas: SaaS, Technology, Startups
- Notable Investments: Algolia, Talkdesk, Pipedrive
What's Next for Mixmax?
Mixmax stands at the cusp of significant growth opportunities. With plans to expand its team and support new platforms like Outlook and Exchange, the company is poised to enhance its product offerings and enter new markets. The recent funding round of $10.35 million will also enable the launch of a mobile interface, further broadening its reach.
As Mixmax scales, future fundraising rounds may be on the horizon to support its ambitious growth plans. However, the company will need to navigate challenges such as competition from other email productivity tools and ensuring seamless integration across multiple platforms. Maintaining high user satisfaction will be crucial as they expand their customer base beyond the current 10,000 users.
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