Emotive Raises $50M Series B; Accelerates Growth of Conversational Text Message Platform
02/24/21, 12:37 PM
Location
Money raised
$50 million
Industry
information technology
Round Type
series b
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 Info
Location
2563 stadium drive
fort worth, texas, united states
Additional Info
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.