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Emotive Raises $50M Series B; Accelerates Growth of Conversational Text Message Platform

Feb 24, 2021•over 4 years ago

Amount Raised

$50 Million

Round Type

series b

Fort WorthInformation Technology

Description

 Emotive, the first and only conversational text message platform for eCommerce brands, announced today that it has closed a Series B funding round of $50 million led by CRV, bringing the company's valuation to $400 million. Other investors who participated in the round include existing investors Mucker Capital, TenOneTen Ventures, and new investors, Stripes and Vulcan Capital.

Company Information

Company

eMotive Software

Location

2563 STADIUM DRIVE

Fort Worth, Texas, United States

About

eMotive Software, Inc. was founded in late 2022 to provide a comprehensive SAAS solution for the asset-based sales and lending community. Modular in nature, the entirety of the software platform will provide our clients with a seamless experience throughout, which will remove the necessity for eMotive clients to license partially integrated 3rd party software. Traditionally, companies have been forced to license many 3rd party software products to fill voids in their current software. Ultimately, this results in reduced efficiencies, increased personnel, and frustrations within the whole organization.

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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