Contentstack Secures $58M In Series B Funding
- Written by Michael Rodriguez
- Published in Financial News
Contentstack, a content management system, recently closed a Series B funding round with $58 million, raising more funds than originally projected and bringing its total funding to $89 million. The round was led by Insight Partners, with existing investors Illuminate Ventures and Gingerbread Capital.
The Contentstack platform is designed to help marketing and sales teams create and share engaging content in buyers’ preferred channels. Contentstack will use the new capital to help innovate its technology and increase international growth with new features and integrations that help B2B organizations create improved buyer experiences.
This announcement follows the new user interface platform Contentstack unveiled in February, which sought to simplify content creation and management processes to enable faster content creation and sharing at the enterprise level. Contentstack plans to build on these updates by expanding its platform’s technology channel and partner ecosystem to encourage more enterprise-level content creation.
“In the last year, we have helped leading companies in industries such as retail, financial services and more create personalized experiences for their customers in order to drive revenue, improve customer satisfaction and build customer loyalty,” said Neha Sampat, Founder and CEO of Contentstack, in a statement. “This round of financing demonstrates that our strategy is paying off, including our core beliefs around equality, customer care and product innovation. During a remarkably challenging year, our team delivered impressive results and we are excited to continue this growth trajectory by delivering the best agile CMS platform for a digital-first world.”