{"id":19354,"date":"2020-06-22T07:01:26","date_gmt":"2020-06-22T07:01:26","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/contentful-raises-80m-series-e-round-for-its-headless-cms.html"},"modified":"2020-06-22T07:01:26","modified_gmt":"2020-06-22T07:01:26","slug":"contentful-raises-80m-series-e-round-for-its-headless-cms","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/contentful-raises-80m-series-e-round-for-its-headless-cms.html","title":{"rendered":"Contentful\u00a0raises $80M Series E round for its headless CMS"},"content":{"rendered":"

Headless CMS company Contentful<\/a> today announced that it has raised an $80 million Series E funding round led by Sapphire Ventures, with participation from General Catalyst, Salesforce Ventures and a number of other new and existing investors. With this, the company has now raised a total of $158.3 million and a Contentful <\/a> spokesperson tells me that it is approaching a $1 billion valuation.<\/p>\n

In addition, the company also today announced that it has hired Bridget Perry as its CMO. She previously led Adobe\u2019s marketing efforts across Europe, the Middle East and Africa.<\/p>\n

Currently, 28% of the Fortune 500 use Contentful to manage their content across platforms. The company says it has a total of 2,200 paying customers right now and these include the likes of Spotify, <\/a> ITV, the British Museum, Telus and Urban Outfitters.<\/p>\n

Steve Sloan, the company\u2019s CEO who joined the company late last year, attributes its success to the fact that virtually every business today is in the process of figuring out how to become digital and serve its customers across platforms \u2014 and that\u2019s a process that has only been accelerated by the coronavirus pandemic.<\/p>\n

\u201cTen or 15 years ago, when these content platforms or content management systems were created, they were a) really built for a web-only world and b) where the website was a complement to some other business,\u201d he said. \u201cToday, the mobile app, the mobile web experience is the front door to every business on the planet. And that\u2019s never been any more clear than in this recent COVID crisis, where we\u2019ve seen many, many businesses \u2014 even those that are very traditional businesses \u2014 realize that the dominant and, in some cases, only way their customers can interact with them is through that digital experience.\u201d<\/p>\n

But as they are looking at their options, many decide that they\u00a0don\u2019t\u00a0just want to take an off-the-shelf product, Sloan argues, because it\u00a0doesn\u2019t\u00a0allow them to build a\u00a0differentiated\u00a0offering.<\/p>\n

<\/a><\/p>\n

Image Credits:<\/strong> Contentful<\/p>\n

Perry also noted that this is something she saw at Adobe, too, as it built its digital experience business. \u201cLeading marketing at Adobe, we used it ourselves,\u201d she said. \u201cAnd so the challenge that we heard from customers in the market was how complex it was in some cases to implement, to organize around it, to build those experiences fast and see value and impact on the business. And part of that challenge, I think, stemmed from the kind of monolithic, all-in-one type of suite that Adobe offered. Even as a marketer at Adobe, we had challenges with that kind of time to market and agility. And so what\u2019s really interesting to me \u2014 and one of the reasons why I joined Contentful \u2014 is that Contentful approaches this in a very different way.\u201d<\/p>\n

Sloan noted that putting the round together was a bit of an adventure. Contentful\u2019s existing investors approached the company around the holidays because they wanted to make a bigger investment in the company to fuel its long-term growth. But at the time, the company wasn\u2019t ready to raise new capital yet.<\/p>\n

\u201cAnd then in January and February, we had inbound interest from people who weren\u2019t yet investors, who came to us and said, \u2018hey, we really want to invest in this company, we\u2019ve seen the trend and we really believe in it.\u2019 So we went back to our insiders and said, \u2018hey, we\u2019re going to think about actually moving in our timeline for raising capital,\u201d Sloan told me. \u201cAnd then, right about that time is when COVID really broke out, particularly in Western Europe in North America.\u201d<\/p>\n

That didn\u2019t faze Contentful\u2019s investors, though.<\/p>\n

\u201cOne of the things that really stood out about our investors \u2014 and particularly our lead investor for this round Sapphire \u2014 is that when everybody else was really, really frightened, they were really clear about the opportunity, about their belief in the team and about their understanding of the progress we had already made. And they were really unflinching in terms of their support,\u201d Sloan said.<\/p>\n

Unsurprisingly, the company plans to use the new funding to expand its go-to-market efforts (that\u2019s why it hired Perry, after all), but Sloan also noted that Contentful plans to invest quite a bit into RD, as well, as it looks to help its customers solve more adjacent problems.<\/p>\n

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Contentful raises $33.5M for its headless CMS platform<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/RhxXsFoOR88\/<\/p>","protected":false},"excerpt":{"rendered":"

Headless CMS company Contentful today announced that it has raised an $80 million Series E funding round led by Sapphire Ventures, with participation from General Catalyst, Salesforce Ventures and a <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-19354","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t