MoEngage raises $180 million to boost global growth
MoEngage just landed $180 million in Series F funding, bringing its total raise to $280 million this round.
Big names like ChrysCapital and Dragon Funds led the investment, with Schroders Capital, TR Capital, and B Capital joining in.
Avendus Capital advised on the deal.
What is MoEngage all about?
MoEngage helps brands connect with users by tracking behavior and sending messages across apps, web, email, and messaging.
With this new funding, they're planning to invest in their Merlin AI product suite, expand go-to-market teams in North America and Europe, and evaluate acquisitions.
By the numbers
MoEngage works with about 1,350 brands in 75 countries—reaching two billion users every month.
Since starting in 2014, they've raised roughly $422 million.
The latest round also included a buyback program that gave $15 million back to 259 employees.