InvestorQ : Can you tell me about the latest fund raising done by Zeotap?
vaishnavi mhatre made post

Can you tell me about the latest fund raising done by Zeotap?

vidhya Laxmi answered.
3 years ago

Zeotap raised an additional $18.5 million as part of its Series-C funding round from Signal Fire, a reputed venture capital firm. Zeotap is a high end technology company with a customer intelligence platform or CIP enabling companies to better understand customers and predict behaviours to scientifically support branding exercises.

Zeotap had raised $42 million earlier this year under the same route taking the total Series-C round funding to $60.5 million, year to date. Zeotap will use the funds to invest in the customer data platform and to accelerate adoption of its platform across its 14 markets.

Zeotap has underlined that COVID-19 had catalysed a transformation in the marketing mix as brands invest in their data and learnings to redirect traditional TV budgets. The idea is to look for more effective channels. Many consider this the future trend of marketing.

Zeotap is an industry-agnostic customer profiler for brands and powers everything from real-time personalisation to analytics based on machine learning.