SaaS and cloud computing startup Contentful announced in its press release today, on 28 July 2021, that the company has received a fundraiser of US$175 million led by Tiger Global. This Series F financing brings Contenful’s total funding to US$ 3 billion to date.
The participation of other investors included Base10 Advancement Initiative and Tidemark and Contenful’s previous backers.
About Contentful
Co-founded by Paolo Negria and Sascha Konietzk in 2013, Contentful is a content platform for digital-first businesses that supports 30% of the Fortune 500 and multiple corporations worldwide by designing and managing the digital realities that their customers channel across various platforms. It facilitates a more hasty and speedy scale of CMS solutions.
Contentful unifies content in a single hub, structures it for use in any digital medium, and integrates seamlessly with hundreds of other tools through open APIs. Companies such as Chanel, Bang & Olufsen, Shiseido, Shopify, BP, and many others rely on Contentful’s platform.
Empowered by emerging technology and expedited in a post-pandemic world, 58% of all customer interplays across the globe, according to McKinsey Consulting, are carried out via digital ecosystems through startups like Contentful. For more information, visit www.contentful.com.
Fund Utilisation
The Germany-based startup, Contentful, will use this capital venture to expand its global marketing and sales presence and sustain developing its ecosystem, content platform and next-generation products.
What the Ceo has to say
“We are living in a digital-first era where content makes digital experiences come alive. It is the way the best companies create conversations across all of the devices that surround their customers. This latest round of financing enables us to accelerate our pace of investment in our team and technology and enable our growing ecosystem of customers and partners to build on our platform and create the best content experiences for today’s consumer,” said Steve Sloan CEO of Contentful.
What the Investors have to say
Partner at Tiger Global, John Curtius, said, “When we look at where winning brands are making changes for the modern consumer, their investment in the digital experience starts with content. The opportunity to join Contentful in redefining the way content is used in every modern digital experience was exhilarating for us. We believe Contentful is well-positioned to become the platform of choice for brands to deliver the experience across channels that consumers want and expect.”
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