Overview

ContactMonkey enhances internal communications within organizations by providing tools that streamline employee interactions, gather feedback, and measure engagement. Their main product is a drag-and-drop email builder that enables companies to create and send newsletters and surveys to employees. This tool also offers detailed analytics, including open rates, click rates, and employee Net Promoter Scores (eNPS), helping organizations gauge employee engagement. Unlike many competitors, ContactMonkey serves a diverse range of clients, from small businesses to large enterprises, and operates on a subscription-based model, ensuring consistent revenue while allowing for continuous improvements. The goal of ContactMonkey is to foster a more connected and productive workforce by improving internal communications and employee engagement.

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Simplify's Take

What believers are saying

• ContactMonkey raised $55 million in Series A funding to expand its offerings.
• Ranked 360th on the 2024 Deloitte Technology Fast 500, showcasing rapid growth.
• Increased demand for remote work tools boosts adoption of ContactMonkey's platform.

What critics are saying

• Emerging startups with similar tools could dilute ContactMonkey's market share.
• Data privacy regulations in the EU may require costly compliance measures.
• Reliance on Outlook and Gmail poses risks if integration policies change.

What makes ContactMonkey unique

• ContactMonkey offers unique email engagement analytics directly within Outlook and Gmail.
• Their drag-and-drop email builder simplifies creating engaging newsletters and surveys.
• ContactMonkey's platform provides detailed employee Net Promoter Scores (eNPS) analytics.

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Funding

Total Funding

$55.8M

Above

Industry Average

Funded Over

2 Rounds

$55,000,000

Series A

Dec 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$55M

View all funding stages