# ON24

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/on24

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.on24.com
- Total disclosed funding: $34M
- Latest round: Series E (May 13, 2004)
- Investors on record: 8

## About

Founded in 1998 and headquartered in San Francisco, US, ON24, Inc. provides digital engagement solutions that optimize customer interactions. The company has undergone a significant transition, successfully raising USD 428.05 mn in an IPO on February 3, 2021. The founders, Sharat Sharan and Tameru Melese, established the company to enhance online communication and marketing. Jacqueline Grove currently serves as CEO.

ON24 offers an Intelligent Engagement Platform that includes AI-driven tools for creating interactive webinars, virtual events, and customized content journeys. The platform features audience engagement analytics and integrates with various marketing automation systems. ON24 caters to industries like financial services, life sciences, technology, and professional services, focusing on large enterprises looking to improve their customer engagement strategies.

In the most recent fiscal year 2024, ON24 reported revenue of USD 148.08 mn, along with an EBITDA of USD -45.83 mn, highlighting its subscription-based business model which focuses on providing tiered pricing plans for digital engagement.

Following its IPO in February 2021, where ON24 raised USD 428.05 mn, the company aims to expand its platform offerings with new products designed to enhance user engagement and analytics capabilities. Specific plans include targeting new geographic regions for expansion, including greater penetration into European and Asia-Pacific markets by the end of 2025. The recent funding will support development efforts and marketing initiatives aimed at broadening its client base.

## Funding rounds

- Series E, May 13, 2004, $3.3M — RHO, US Venture Partners, Canaan Partners
- Series B, Apr 11, 2000, $25M — RHO, US Venture Partners, Canaan Partners, Reuters Group PLC, Amicus Capital, CNET OKC Inc., Comdisco Ventures, Go2Net, Inc.
- Series A, Aug 30, 1999, $6.1M — RHO, Canaan Partners

## Investors

- RHO (https://capitalatlas.ai/funds/rho) — Series A, Series B, Series E
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B, Series E
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series B, Series E
- Reuters Group PLC — Series B
- Amicus Capital — Series B
- CNET OKC Inc. — Series B
- Comdisco Ventures (https://capitalatlas.ai/funds/comdisco-ventures) — Series B
- Go2Net, Inc. — Series B