MarTech News: Round-Up 16/06/21
by Sarah O'Neill, on 16 June, 2021
This Month in Martech: Gong Raises $250M. Etsy Acquires Site Depop. Cognigy Raises $44M. Outreach Closes $200 Million. Spiff Raises $46M. Tracer Raises $9.9 Million. iContact Acquires Moz.
Gong Raises $250M
Gong, the revenue intelligence company using AI to aid revenue teams, has raised $250M in series E funding. The round was led by Franklin Templeton, bringing Gong's total funding to $584M.
Etsy Acquires Site Depop
Etsy, the NY based marketplace has announced it is acquiring Depop, a London based social shopping site. In a mostly cash deal, Etsy is paying $1.625B for the platform, in their biggest acquisition to date.
Cognigy Raises $44M
Cognigy, a company which provides a low-code conversational AI, has closed a round of $44M. It will use this funding to continue scaling the business internationally.
Outreach Closes $200 Million
Outreach, a sales engagement and intelligence platform, has closed a $200M funding round. Existing investors Salesforce Ventures and Sand Capital were joined by new investors Premji Invest and STEADFAST Capital Ventures.
Spiff Raises $46M
Spiff, a company which specialises in sales commission software, has announced it has raised $45M in Series B funding. In total, Spiff has raised $68 million.
Tracer Raises $9.9 Million
Tracer, the data analytics start-up incubated by Gary Vaynerchuk's VaynerMedia, has raised $9.9 Million. Investors include ex-Walmart exec Marc Lore and Kevin Durant.
iContact Acquires Moz
Moz, the search engine optimisation tech company, has announced it has been acquired by iContact. The move will lead to the companies joining forces to form a suite of SEO, email and digital marketing solutions.
MarTech News Round-up – over and out.
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