Customer marketing platform Ometria raises $21M Series B round led by Octopus Ventures

TechCrunch | 9/23/2019 | Staff
kimberly163 (Posted by) Level 3
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Back in 2017 Ometria, an “AI-powered” customer marketing platform raised $6m in Series A funding to add to the $11m it had already raised. Its platform is all about allowing retailers to send individually personalized marketing messages across several brand touchpoints.

Today it’s announced that it’s raised $21m in a Series B funding led by London-based Octopus Ventures, with existing investors Sonae IM, Summit Action, Samos and Adjuvo, as well as ten early angel investors, making further investments. Marieke Christmann from Octopus Ventures and Eduardo Piedade from Sonae IM both join Ometria’s board.

Funding - Ometria - Product - Development - Platform

The funding will be used to accelerate Ometria’s product development, expanding the platform’s specialist retail marketing capabilities and further innovating its AI-based technology.

Off the back of the funding round, Ometria will also be opening its first US-based operation in New York.

Ometria - Schtick - Fact - Consumers - Torrent

Ometria’s schtick is that it addresses the fact that consumers will no longer tolerate the torrent of communication send towards them that is basically irrelevant to them, especially as the retail environment becomes ever more competitive.

Its main competitors are spread across companies like email service providers (Emarsys, Sailthru, Selligent, Bronto, Dotmailer), behavioral marketing tools (CloudIQ, SaleCycle, Yieldify) and customer insight companies (More2, AgileOne). Its argument is...
(Excerpt) Read more at: TechCrunch
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