What is Clevertap?
Clevertap operates as a sophisticated customer engagement platform designed to empower brands in delivering hyper-personalized experiences and optimizing customer lifetime value. At its core is the proprietary TesseractDB, a database engineered for rapid, efficient, and scalable engagement across diverse digital channels. The platform is trusted globally by businesses seeking to forge meaningful, data-informed interactions with their clientele, thereby streamlining engagement and retention strategies. The company's focus on actionable insights and automated engagement positions it as a key player in the competitive MarTech landscape.
How much funding has Clevertap raised?
Clevertap has raised a total of $175.6M across 5 funding rounds:
Other Financing Round
$1.6M
Series A
$8M
Series B
$26M
Series C
$35M
Unspecified
$105M
Other Financing Round (2014): $1.6M with participation from Accel
Series A (2015): $8M led by Accel and Steamboat Ventures
Series B (2019): $26M supported by TriplePoint Venture Growth BDC, Sequoia India, and Accel
Series C (2019): $35M featuring TriplePoint Venture Growth BDC and Sequoia India
Unspecified (2022): $105M, investors not publicly disclosed
Key Investors in Clevertap
Accel
Accel is a venture capital firm known for investing in early-stage and growth-stage technology companies. They actively partner with entrepreneurs to help build market-leading businesses.
Steamboat Ventures
Steamboat Ventures focuses on early to growth stage companies within the technology, media, and consumer sectors, aiming to help young companies become market leaders.
Sequoia India
Sequoia India is a prominent venture capital firm that invests across venture, growth, and late-stage opportunities, taking a long-term view and acting as an active partner to entrepreneurs.
What's next for Clevertap?
With its recent major strategic investment and a significant overall funding history, Clevertap is poised for accelerated growth and innovation. The capital infusion is likely to be directed towards enhancing its AI capabilities, expanding its global reach, and deepening its product offerings in areas such as predictive analytics and cross-channel orchestration. This strategic backing suggests a strong market validation and provides Clevertap with the resources to further solidify its position as a leader in personalized customer engagement solutions, potentially exploring new market segments or strategic acquisitions to broaden its ecosystem.
See full Clevertap company page
