What is Clevertap?
CleverTap operates as a sophisticated customer engagement platform designed to empower brands to deliver highly personalized experiences. At the core of its technological infrastructure is TesseractDB, a purpose-built database that facilitates rapid, scalable, and efficient interactions across diverse digital channels. By leveraging real-time analytics and behavioral insights, the platform enables enterprises to maximize customer lifetime value and streamline complex retention strategies. CleverTap is positioned as an essential tool for businesses seeking to foster meaningful, data-driven relationships with their user base in an increasingly fragmented digital environment.
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 Accel, Sequoia India, and TriplePoint Venture Growth BDC
Series C (2019): $35M featuring TriplePoint Venture Growth BDC and Sequoia India
Unspecified (2022): $105M, investors not publicly disclosed
Key Investors in Clevertap
Sequoia India
A prominent venture capital firm managing significant funds in India, specializing in long-term partnerships with entrepreneurs across venture, growth, and late-stage opportunities.
Accel
A strategic investment partner known for supporting high-growth technology companies through various stages of development and operational scaling.
TriplePoint Venture Growth BDC
A specialized provider of financing solutions for venture growth stage companies, focusing on maximizing total returns through debt and equity-linked instruments.
What's next for Clevertap?
With the recent infusion of capital, CleverTap is well-positioned to accelerate its product roadmap and deepen its penetration into global markets. The strategic focus will likely center on enhancing the capabilities of TesseractDB to handle even larger datasets, thereby providing clients with more granular insights into consumer behavior. Furthermore, the company is expected to prioritize the development of advanced AI-driven features that automate engagement workflows, allowing brands to maintain high-touch interactions at scale. As the enterprise-level demand for unified customer engagement solutions continues to rise, CleverTap's focus on operational efficiency and technological superiority will be paramount in maintaining its competitive edge and driving long-term shareholder value.
See full Clevertap company page
