While some sectors suffered, many others found a new opportunity with the pandemic. Medtech, online services, SaaS, edtech are among such sectors that are doing rather well during this pandemic, as people flock to use systems enabling minimal human contact and remote working options. The Netherlands-based cloud communication platform MessageBird offers a suite of options that helps businesses stay on top of customer service. The company has now raised a notable €169.8M and has been valued at €2.5B.
Raising investments remotely
The latest Series C funding round for the company happened remotely, which is not too surprising considering the current effects of the pandemic. The round was led by Silicon Valley’s Spark Capital, with participation from Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners and New View Capital. This investment also enables Spark Capital General Partner, Will Reed, to join MessageBird’s board. Existing investors Accel, Atomico, and Y-Combinator also participated in this round.