Vatom announced that it has completed an initial $10 million Series B financing. This funding round is being led by GSV AirCO, a global venture capital fund focused on the rapidly growing digital education market. And Michael Moe, founder and CEO of GSV will join Vatom’s board of directors.
The current investors in Vatom include iHeart Media, Galaxy Digital, Raine Group, and Bat VC. And the company will use the funding to expand Customer Success, Marketing, and Product teams supporting its rapidly growing customer base. The Series B funding round will remain open for anticipated additional investors in the coming months.
Based on the funding round, the company’s valuation was set at $125 million as driven primarily by its unique platform offering and its growing roster of Fortune 500 customers.
KEY QUOTES:
“We are excited and honored to have such a well-known and respected company partner with us to help bring our vision and products to the world. Our unique solution has become the customer engagement platform of choice for some of the largest companies in the world, including Google, PepsiCo, P&G, Deloitte, Dentsu, iHeart Media, among others. We are looking forward to Vatom’s next stage of growth, and to see how it will shape the future of customer engagement.”
- Eric Pulier CEO and founder of Vatom
