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CleverTap

CleverTap

CleverTap is a software company offering a customer lifecycle and engagement platform as a mobile marketing suite.

CleverTap is a software company offering a customer lifecycle and engagement platform as a mobile marketing suite that is headquartered in Mountain View, California and was founded in 2013 by Anand Jain, Sunil Thomas, and Suresh Kondamudi. Customers using the CleverTap platform are working in industries such as travel & transportation, media & entertainment, food technology, and financial technology. Features of CleverTap include: audience analytics, automated segmentation, omnichannel engagement, campaign optimization, and data privacy and security.

Funding
Seed

On July 7, 2014 CleverTap announced raising $1.6 million in seed funding from Accel (lead investor), and Andy Pandharikar.

Series A

On August 3, 2015 CleverTap announced raising $8 million in series A funding from Sequoia Capital India (lead investor) and Accel. The company plans on using their series A funding to create an API for developers and a new engagement platform.

Venture

On November 1, 2017 CleverTap announced raising $6 million in venture funding from Sequoia Capital India, Recruit Holdings, and Accel. The company plans on using their venture funding to expand its customer base and to further develop its product.

Series B

On April 10, 2019 CelverTap announced raising $26 million in series B funding from Sequoia Capital India (lead investor), Tiger Global Management, and Accel. The company plans on using their series B funding to increase its platform data science capabilities and scalability.

Series C

On October 15, 2019 CleverTap announced raising $35 million in series C funding from Tiger Global Management and Sequoia Capital India. At the time of raising their series C funding CleverTap had a company evaluation of $385 million. A partner of Accel, Prashanth Prakash, made the following statements regarding CleverTap at the time of receiving their series C funding:

CleverTap is meeting the growth and retention needs of some of the fastest-growing consumer apps. Powered by the next generation of data science-enabled capabilities, it is allowing companies to automate their marketing decisions — leading to better business outcomes. And we are excited to bring our expertise to CleverTap to support them in this mission.

Timeline

October 15, 2019
CleverTap raises $35 million in Series C funding round led by existing investors Tiger Global Management and Sequoia India.
October 15, 2019
CleverTap raises a $35,000,000 series C round from Tiger Global Management.
October 2019
CleverTap raises a $35,000,000 series C round from Sequoia Capital India and Tiger Global Management.
April 2019
CleverTap raises a $26,000,000 series B round.
August 3, 2015
CleverTap raises a $8,000,000 series A round from Accel and Sequoia Capital India.
July 7, 2014
CleverTap raises a $1,600,000 seed round from Accel.

Funding rounds

People

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

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Description
CleverTap
December 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- CleverTap, the leading AI-powered customer lifecycle and customer engagement and retention platform, today announced the appointment of Dave...
Peerzada Abrar
October 15, 2019
@bsindia
Read more about AI firm CleverTap raises $35 mn in funding round led by Tiger Global on Business Standard. Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia

References

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