Friday, November 22, 2024
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Emotive: Raises $50M in Series B Funding

  • Emotive, a Los Angeles, CA-based conversational text message platform for eCommerce brands, closed a Series B funding round of $50m
  • The round, which brought the company’s valuation to $400m, led by CRV, with participation from existing investors
  • In conjunction with the funding, Murat Bicer, general partner at CRV, joined Emotive’s Board
  • The company also intends to use the funds to accelerate its go-to-market strategy, invest in its platform, and launch new products
  • Ecommerce brands also use Emotive’s text conversations to prevent cart abandonment, promote sales and new product releases, offer interactive text quizzes, and scale product recommendations
  • Hundreds of eCommerce businesses use Emotive to drive sales through conversations that feel personal and human

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