This news comes on the heels of its Series B round. The company plans to use the funding to hire more talent and develop its platform. Here are the top-line bullets you need to know.
Commsor, a community management platform, has raised $50M in a Series B. The round drew participation from Atomico, SignalFire, and Slack Fund, among others.
HOW’S THE COMPANY PERFORMING?
- New York-based Commsor helps startups manage and grow their communities.
- The company has developed over 200 integrations with applications like GitHub, Circle, Slack, Mailchimp, Discourse, Twitter, and Zoom.
- Notion, Invision, Spendesk, Gong, Teal, Testim, RevGenius, Propel, Partnership Leaders, and Funnel IQ are included among its client base.
- The startup has 48 employees across 13 countries.
Source: Commsor
WHY DOES THE MARKET MATTER?
- The customer engagement solutions market is expected to reach a value of $30.9B by 2026, growing at a CAGR of 12.65%, according to Mordor Intelligence.
- The proliferation of digital touchpoints and channels has increased the demand for solutions to manage customer interactions and communications.
- Customer acquisition costs have skyrocketed amid the pandemic, causing businesses to turn to tools designed to enhance customer loyalty.
