Startup

‘SaaS’ Zeotap Augments $42 Mn Series C Funding Round

SaaS-based Customer Intelligence platform Zeotap has scoured in the Series C funding round headed by Neue Capital European Investment Bank, and Copra ion.

29th July 2020 Author: Divya Sharma
‘SaaS’ Zeotap Augments  $42 Mn Series C  Funding Round

Image Courtesy : entrackr.com


SaaS-based Customer Intelligence platform Zeotap has scoured in the Series C funding round headed by Neue Capital European Investment Bank, and Copra ion. This was further endorsed by the existing sponsors including Capnamic Ventures, Innov8, IONIQ, New Science Ventures, HERE, and Iris Capital in the newest round.

Marquee Angel investors, Chris Scoggins, and Eric Roza also stepped up to induced funds in their capacity. The latest investment injections have fueled the company for about 3 years. It has filled in a $12 Mn Series B funding round in Jan 2017.

Zeotap announced the progress of the company in a blog stating that it had procured half the amount of Serie C round this year, and the remaining was secured by 2019. The company has succeeded in bagging a total of more $63 Mn within four financing rounds.

Zeotap aims to facilitate its clients with consolidated segments and modules which comprise of identity resolution, analytics, enhancement, custom data confederacy, and exhibiting. The founders of Zeotap, Prajjol Banerjee, Stephen Schwabe, and Daniel Heer aimed at processing a better understanding and prediction of customer behavior.

Zeotap’s official website shows that the company has accommodated over 30 million organizations with nearly 165% of return on investment. The major clients tapped by Zeotap so far include Facebook, Google Marketing Platforms, Twitter, LinkedIn, and Instagram.

The company plans to utilize the newest proceeds to double down on ID+ and also enrich the infrastructural technologies, with their offices in Mumbai, Bengaluru, and eight other international locations. The company further claims to have a 431% of growth in revenue run rate last year.


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