What is Clickatell?
Clickatell, established in 2000 and headquartered in Redwood City, California, specializes in providing mobile telecommunication services focused on chat commerce and powering mobile applications. The company has built a robust platform that enables businesses to engage with customers through various chat channels, facilitating transactions and customer service interactions. Its services are crucial for enterprises looking to leverage mobile messaging for enhanced customer engagement and commerce.
How much funding has Clickatell raised?
Clickatell has raised a total of $109M across 3 funding rounds:
Series A
$6M
Series B
$12M
Series C
$91M
Series A (2006): $6M with participation from Steamboat Ventures
Series B (2011): $12M led by DAG Ventures and Seqouia Capital
Series C (2022): $91M supported by Harvest Partners, Endeavor Global, Arrowroot Capital, and Kennedy Lewis Investment Management
Key Investors in Clickatell
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments.
Harvest Partners
Founded in 1981, Harvest Partners, LP is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & industrial services, consumer, healthcare, industrials and software industries. Harvest's control strategy leverages the firm's 40 years of experience in financing organic and acquisition-oriented growth.
Endeavor Global
Endeavor is an organization headquartered in New York City that supports entrepreneurs with potential for economic and social impact in their regions. The organization provides the entrepreneurs in its network with services that help them grow ventures, create jobs, transform economies, and support future generations of entrepreneurs.
What's next for Clickatell?
With the recent major strategic investment, Clickatell is poised for accelerated growth. The company is likely to focus on expanding its market reach, enhancing its chat commerce platform with advanced features, and potentially exploring new verticals or geographies. This funding round, characterized as enterprise-level, suggests a strategic move towards scaling operations and solidifying its position as a leader in the burgeoning chat commerce industry. The investment will likely support product development, talent acquisition, and strategic partnerships to further its mission of transforming customer interactions through mobile technology.
See full Clickatell company page
