Intercom Grabs $50m Funding Round

Customer communication platform Intercom has raised $50 million, bringing the company’s total funding to $116 million. Index Ventures led the round, with participation from previous backers ICONIQ Capital, Bessemer Venture Partners and Social Capital. “We’ve been really fortunate at Intercom that our core focus on product continues to pay off,” said Intercom Co-founder and CEO Eoghan McCabe. “Unlike conventional software companies, the strength of our technology has generated incredible organic revenue growth, meaning we don’t have to pump a ton of capital into sales and marketing. We can continue to focus on building product to help businesses communicate with their customers in a more personal way.”


CrownPeak, a cloud-based experience management provider, has raised $50 million in funding from K1, and has merged with U.K.-based ActiveStandards. The funds will be used to support the re-launch of the company and for future product enhancements. “As global enterprises undergo a transformation in digital marketing they are increasingly challenged to deploy and maintain high-quality digital experiences across many touchpoints,” said Jim Yares, CEO of CrownPeak. “Our powerful union with industry leader, ActiveStandards, and support from K1 will allow us to address and surpass this need. We will offer clients the clear solution to manage and deliver rich and consistent content-driven customer experiences.”


Internet of Things platform Electric Imp has closed a Series C round of funding worth $21 million. Rampart Capital led the round, with participation from returning investor Redpoint Ventures and company insiders. Electric Imp has now raised a total of $43 million. “This funding is a natural step in Electric Imp’s ongoing expansion and validates our approach with large commercial and industrial customers including Pitney Bowes and other yet to be announced global enterprises,” said Hugo Fiennes, CEO and co-founder of Electric Imp. “Our company is strategically positioned to maximize the potential of our industry-leading technology platform where proven security and scalability are critical to commercial and industrial enterprises.”


Clutter, an on-demand physical storage provider, has raised $20 million from Sequoia Capital. Clutter previously raised $9 million in Series A funding in late 2015, a round led by Sequoia. “Clutter’s strong use of technology enables them to provide a step-function better storage experience at price parity with the incumbents in this $30 billion market,” said Omar Hamoui, partner, Sequoia. “Brian, Ari and team have surpassed all our expectations and we’re excited to double down on our support for their efforts to build a transformative company.”


The post Intercom Grabs $50m Funding Round appeared first on Red Herring.


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