Mighty Networks, a Palo Alto, Calif.-based SaaS platform for creators and brands to start and grow communities, closed a $50M Series B funding round.
The round was led by Owl Ventures with Ziff Capital Partners and LionTree Partners joining existing investors Intel Capital, Marie Forleo, Gretchen Rubin, Dan Rosensweig, Reid Hoffman, BBG Ventures, Lucas Venture Group, and Great Oaks Venture Capital.
The company will use this new capital to fund rapid product development across media types, payment options, and movement into new markets.
Founded by Gina Bianchini, who was the CEO and co-founder of Ning, Mighty Networks is a SaaS platform for creators and brands to start and grow communities they own. It enables new creators to get started with memberships, events, and live online courses and established brands, organizations, and already successful creators to level up their business on their own branded iOS, iPad, and Android apps.
FinSMEs
26/04/2021