Contentful raises $175 million at $3 billion valuation
Berlin-based Contentful has closed a $175 million funding round, now giving it a valuation of over $3 billion. The platform provides customers with an all-in-one hub to create and manage content, with speed and scale being the name of the game. The new funding is expected to be used to further expand the company’s market presence, as well as continue product development. According to McKinsey, more than half (58%) of all global customer interactions are happening in a digital environment. In a post-pandemic world, brands that intend to survive and thrive need to be able to not only deliver engaging content but do it quickly and at scale. This is where Contentful steps in. With the ability to plug into a vast array of development tools via open APIs and then manage them within one environment, 30% of the Fortune 500 have taken note. Contentful’s Series F round was led by Tiger Global with Base10 Advancement Initiative and Tidemark participating. Seed and Series-A round lead investor Balderton Capital’s Suranga Chandratillake commented, "Contentful isn't just growing rapidly - it's accelerating rapidly! As the world turns developer-first the company is the right place at the right time to be the content infrastructure of choice for just about anyone who handles digital content and experiences." Photo: CEO Steve Sloan, co-founder Sascha Konietzke and co-founder Paolo Negri
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