BERLIN: Contentful, a startup based in Berlin and San Francisco, said on Wednesday it had raised US$80 million from investors led by Sapphire Ventures to scale up its content management systems for commercial websites.
The Series E funding round was also backed by investors including General Catalyst, Salesforce Ventures and others, Contentful said in a statement, giving it a valuation that is"rapidly approaching US$1 billion".Contentful, whose latest funding brings the total amount of investment it has raised to US$158 million, said a shift by companies to digital marketing channels was accelerating due to the coronavirus pandemic.
"The COVID-19 pandemic increased the reliance of brands on digital channels as the primary means of customer engagement," it said. The economy"has become, almost overnight, a digital-only economy."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US-Israel cybersecurity firm Salt Security raises US$20 millionJERUSALEM: U.S.-Israel cybersecurity startup Salt Security said on Tuesday it raised US$20 million in a funding round led by venture capital firm ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Volkswagen invests extra US$200 million in US battery company QuantumScapeVolkswagen is increasing its stake in U.S. company QuantumScape by up to US$200 million to boost the development of solid-state battery technology ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Huawei CFO raises new argument to fight US extradition in Canada courtVANCOUVER/NEW YORK (REUTERS) - Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday (June 15) showed.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Fears of fresh virus wave hit Wall Street, S&P 500 slips below 3,000 pointsU.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street gripped by fears of fresh virus waveU.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street rally wins more fans as economy hints at recoveryRecord upside surprises in US economic data are bolstering the case for a “V” shaped recovery from the COVID-19 recession and boosting investor ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »