OneSignal Raises $50M in Series C Funding

OneSignal, a San Mateo, CA-based customer engagement platform provider, raised $50M in Series C funding.

BAM Elevate led the funding. This was an investment division at Balyasny Asset Management. Participation came from Nimble Partners as well as existing investors SignalFire (and Zach Coelius). They will join OneSignal’s other existing investors, including Rakuten Ventures, Yes.vc, HubSpot, and Y Combinator. 

The company plans to use the funds for unified messaging and orchestration, to improve its mobile data-driven emails product and to expand its geographical presence in Europe, Asia and Latin America.

OneSignal’s CEO and Co-Founder George Deglin leads the company. OneSignal provides customer engagement solutions, enabling customers to take control of their journeys via mobile and web push notification, in-app messaging SMS and in-app messaging. This omnichannel platform allows over a million businesses deliver 10 billion messages per day. OneSignal supports 500,000 mobile applications – nearly 15% of all apps – enabling companies in 140 countries, including Zynga, USA Today, Bitcoin.com, Upwork, Tribune, and more.

The company has offices in London as well as Singapore. Recently, Journeys was released. This workflow automation tool allows businesses to personalize their customer journeys and automate personalized messaging at scale. The company’s other product areas include the continued development of best in class email messaging capabilities and expanding analytics tools to provide customers actionable insights. 

Jamie McGurk joined OneSignal’s board in conjunction with this round. He brings more than 20 years of investment and operating experience. McGurk spent seven years at Andreessen Horowitz as an Operating Partner and was a Managing Partners at Coatue Management before joining BAM Elevate. As an Operating Partner, he built out Andreessen Horowitz’s Corporate Development operating team and helped raise more than $20 billion in financing and close over $20 billion in M&A transaction value for various portfolio companies. 

FinSMEs

01/09/2022

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