About Monetate
Monetate is a company based in Philadelphia (United States) founded in 2008 by David Brussin was acquired by Kibo in October 2019. Monetate has raised $43.88 million across 5 funding rounds from investors including Kibo Commerce, OpenView and Commonfund. The company has 87 employees as of December 31, 2022. Monetate has completed 1 acquisition, including SiteSpect. Monetate operates in a competitive market with competitors including Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, among others.
- Headquarter Philadelphia, United States
- Employees 87 as on 31 Dec, 2022
- Founders David Brussin
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Sectors
TechnologyRetail
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Monetate, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$43.88 M (USD)
in 5 rounds
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Latest Funding Round
$8 M (USD), Series C
Dec 05, 2013
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Investors
Kibo Commerce
& 5 more
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Employee Count
87
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Kibo
(Oct 10, 2019)
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People of Monetate
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Funding Insights of Monetate
Monetate has successfully raised a total of $43.88M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $8 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Monetate
Monetate has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Kibo Commerce, OpenView and Commonfund.
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US expansion-stage companies are invested in by OpenView.
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Private fund focused on equity, secondary market, and fund of funds investments
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Lead Edge Capital is focused on growth equity investments in technology.
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Investor details for Monetate
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Investments & Acquisitions by Monetate
Monetate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SiteSpect.
Investment portfolio details for Monetate
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Products are managed from ideation to feedback via SiteSpect's platform.
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Complete acquisition details for Monetate
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Financial Statements - Monetate
Detailed financials for Monetate
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Monetate Comparisons
Peer comparison for Monetate
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Competitors of Monetate
Monetate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS email marketing solutions are offered to e-commerce businesses.
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API-based enterprise commerce and content management platform is delivered.
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AI platform for retail ecommerce management and optimization is provided.
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Marketing solutions for e-commerce businesses are provided by Bango.
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Cloud-based marketing platform for e-tailers
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Personalized product recommendations are delivered via SaaS to online retailers.
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Detailed competitors of Monetate
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Latest news on Monetate
Complete news archive for Monetate
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Frequently Asked Questions about Monetate
Monetate was founded in 2008.
Monetate is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Steve Maher is the current CEO of Monetate.
Monetate is a funded company, having raised a total of $43.88M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Monetate is 87.
Monetate was founded in 2008 and is headquartered in Philadelphia, United States. The platform operates in the personalization technology sector, enabling businesses to target consumers through a dashboard based on factors such as geographic location and weather. Services include AB testing, AI-driven personalization, and patented technologies that support individualized experiences. These features are designed to enhance user engagement, conversions, and customer lifetime value.
Monetate's top competitors include Klaviyo, CommerceIQ and Yotpo.
Monetate has made 1 acquisition, including SiteSpect.
Monetate has 6 investors. Key investors include Kibo Commerce, OpenView, Commonfund, Lead Edge Capital, and First Round Capital.