ContactMonkey, a Toronto, Canada-based internal email communications platform, closed a Series A funding of $55m.
Updata Partners made the investment. As part of the deal, Updata Partner Braden Snyder and Operating Partner Sloan Gaon will join ContactMonkey’s Board of Directors.
The company intends to use the funds to double down on its success in Canada, Europe, the US and Australia, to increase its workforce, and expand internationally to bring its solutions to new companies across industries and around the world.
Founded in 2010 by Scott Pielsticker, CEO, ContactMonkey provides a solution for connecting and engaging employees from anywhere. The platform integrates with users’ preferred email client, including Microsoft Outlook and Gmail as well as SMS, Microsoft Teams, and Human Resource Information Systems (HRIS) such as Workday, ADP, SAP and more.
Through engagement analytics, ContactMonkey allows users to build segmented employee lists, collect real-time feedback, and leverage granular email metrics. These insights empower employers to understand what resonates with their teams, enabling them to refine communication strategies for optimal engagement.
The company has 80 current employees and expects to double this number in 2024.
FinSMEs
07/12/2023