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Easysend Raises $55.5M For A No-Code Platform To Build Online Interactions With Customers

Nov 16, 2021•over 3 years ago

Amount Raised

$55.5 Million

Tel Aviv

Description

No-code continues to permeate the many layers of enterprise IT, where traditionally non-technical workers have had to rely on technical experts to get things done, and startups building these tools are raising a lot of money as they see a surge of business.

Company Information

Company

Easy Send

Location

Tel Aviv, Tel-Aviv District, Israel

About

In any case, the company has seen a big boost of business specifically out of the U.S., where revenues grew 10-fold. The startup has raised $71.5 million to date. The company started out first in traditional banking, but quickly saw the same problem and potential solution in a lot of adjacent markets. EasySend said it separately also secured $5 million in venture debt from Silicon Valley Bank. EasySend has some 100 enterprise customers today, spanning areas like education, government, financial services and insurance. The opportunity in the market that EasySend has been targeting is that typically a lot of businesses produce and use paper-based forms to gather information about customers, and the people who often formulate those materials are not technical.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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