Raviteja Dodda, co-founder and CEO of MoEngage.SaaS major MoEngage has secured an additional $180 million in its Series F funding round, taking the total capital raised in the round to $280 million.
The latest investment was led by ChrysCapital and Dragon Funds, with participation from Schroders Capital. Existing investors TR Capital and B Capital also took part in the round.
The fresh capital will be allocated to scale its Merlin AI suite, strengthen go-to-market teams across North America and Europe, and pursue acquisitions to support global expansion.
As part of the latest financing, MoEngage also completed its second employee liquidity programme, facilitating a tender offer of $15 million for 259 current and former employees.
“Real growth only happens when our customers succeed. But I also believe success is a collective effort. The people who wrote the code, took the support calls, and stayed late when things were hard. The investors who backed us before we had the numbers to prove it. They all deserve to share in what we’ve built, not just in spirit, but in real, tangible ways,” said Raviteja Dodda, co-founder and CEO of MoEngage.
The funding follows a $100 million raise in November, when the company announced the first close of its Series F round led by Goldman Sachs Alternatives and A91 Partners.
Founded in 2014, MoEngage provides customer engagement software across web, mobile, email and messaging channels. At present, it works with more than 1,350 brands across 75 countries and engages over 2 billion consumers globally every month.
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