April 22, 2025:
Manychat Secures $140M to Enhance AI Messaging - Manychat, a business messaging platform, raised $140 million in a Series B round led by Summit Partners to expand its AI capabilities and global reach. The platform leverages messaging apps like Instagram and WhatsApp to help businesses automate and personalize customer interactions. With approximately 1.5 million customers and strong profitability, Manychat aims to enhance engagement and drive commerce through social messaging apps.
This new funding will support research and development, and bolster sales, marketing, and support initiatives. The company seeks to improve its services and expand its presence in the market. Manychat's strategy focuses on utilizing social messaging to drive customer engagement and increase business transactions.
