Monetate
Latest round
- Series C
Last raised
- Dec 2013
Total raised
- $29M
Investors
- 5
About Monetate
Monetate, Inc.Monetate, Inc. was founded in 2008 in New York, US, specializing in personalization solutions for digital commerce. The company was acquired in October 2022 by Centre Lane Partners from Kibo Software, Inc. David Brussin, the founder, has a history in the tech industry with prior entrepreneurial ventures.Monetate specializes in a comprehensive personalization platform designed to enhance digital commerce experiences for its clients. The core offerings include AI-driven search optimization, product recommendations, and advanced merchandising capabilities, all aimed at creating individualized user experiences across various digital channels. By leveraging machine learning and data analytics, Monetate analyzes customer behavior and predicts intent, enabling businesses to deliver tailored suggestions and improve conversion rates.Monetate generates revenue through a subscription-based model, where clients pay for access to its platform and services. Transactions typically occur between Monetate and its clients, which include retailers and brands looking to enhance their digital strategies. The company provides ongoing support and strategic guidance as part of its service offerings. Key products, such as their flagship AI-powered personalization tools, contribute to the overall revenue stream by enabling clients to achieve measurable improvements in conversion rates and average order value.In the wake of its acquisition in October 2022, Monetate plans to implement a horizontal growth strategy aimed at expanding into verticals outside of retail. The acquisition by Centre Lane Partners will facilitate this expansion and potentially open new market opportunities.
Who invested in Monetate
5 investors across 4 rounds
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Questions about Monetate
Who invested in Monetate?
Monetate has 5 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Monetate raised?
Monetate has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Monetate last raise money?
Monetate's most recent round on record is a Series C, in Dec 2013.
What does Monetate do?
Monetate is a marketing/advertising company.
Where is Monetate headquartered?
Monetate is headquartered in New York, US.
Which VCs invest in companies like Monetate?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back marketing/advertising companies at Monetate's stage. Their profiles are linked below.
VCs backing marketing/advertising startups at Series C
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