Overview

ContactMonkey provides tools to improve internal communications and employee engagement within organizations. Its main product is a drag-and-drop email builder that allows companies to create newsletters and surveys, while also offering analytics like open rates and employee Net Promoter Scores (eNPS). Unlike competitors, ContactMonkey combines communication tools with detailed feedback analytics, helping businesses understand employee engagement. The company's goal is to create a more connected and productive workforce.

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

$54.3M

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

$55M

$100M

View all funding stages