CpaaS company CometChat had recently announced raising $10 million in a Series A funding round. The funding round saw oversubscription and admirable participation by lead investors. This round was led by Matchstick Ventures, Range Ventures, Unbound VC and many others.
CometChat, started in 2010 by siblings Anuj and Anant Garg, is a communications platform for enterprises and businesses which provides them with plug n play text chat, video, and voice communication solutions customised and integrated into their website and apps. The Company is headquartered in India and the United States. It has worked with renowned global names like HeySummit, Swedbank, and Endeavour.
Anuj Garg, CEO, and Co-founder of CometChat, delightedly replied, “We are thrilled to add SPV as an investor and partner as we look forward to scaling our platform offering and expanding our growing customer base. This is an important milestone that we wouldn’t have reached without our incredible team. We look forward to further investing in our customers’ success.”
McKay Dunn, Partner at Signal Peak Ventures (SPV), commented on the fundraising, “I’m incredibly excited to partner with the CometChat team as they reimagine the ways developers implement chat across websites and apps. When I first met Anuj and Anant a few years ago I immediately knew that they were people I wanted to work with. I was very impressed by their extremely complementary skillsets and by the unique way they were pursuing a developer-first approach to chat. They have since been able to build out a world class team and I couldn’t be happier to be a part of the CometChat journey.”
CometChat’s Series A Funding will further enable growth acceleration along with enhancement of the platform. The company has plans to invest in expanding its global market share via the following plans:
- Investing in employee growth and development
- Accelerating Go to Market Strategies
- Scaling Platform Infrastructure
- Enhancing Platform Features
Besides the success of Series A fundraising, CometChat has already been investing in expansion and preparing for growth with numerous initiatives including the addition of former SendGrid marketing executive Dan Mitzner, as the company’s Chief Marketing Officer. Along with recent attention to upscale and invest in marketing, CometChat has enhanced the stability and scalability of the platform, ensuring that customers can confidently expect a rich user experience delivered to them.