Contentful, a Germany-based content management software provider backed by enterprise software producer Salesforce, completed a $175m series F round on Wednesday that included financial planning software producer Tidemark.
The round was led by investment firm Tiger Global Management and also featured venture capital firm Base10 Partners’ Advancement Initiative and undisclosed existing investors. It pushed the company’s valuation to over $3bn.
Founded in 2013, Contentful has built a software platform which helps organisations create, edit and manage digital content across a range of channels. The capital will be allocated to sales and marketing in addition to product development.
VC firm Sapphire Ventures led the company’s last round, an $80m series E in June 2020 that included Salesforce subsidiary Salesforce Ventures, General Catalyst and five undisclosed other investors. It raised the cash at a valuation of almost $1bn.
Salesforce Ventures and Sapphire Ventures had joined Omers Ventures and existing backers General Catalyst, Benchmark, Balderton Capital and Hercules Capital to provide $33.5m in series D funding for Contentful in 2018.
The company, which counts Trinity Ventures and Point Nine among its earlier investors, has now received $333m in funding altogether.
Steve Sloan, Contentful’s chief executive, said: “We are living in a digital-first era where content makes digital experiences come alive. It is the way the best companies create conversations across all of the devices that surround their customers.
“This latest round of financing enables us to accelerate our pace of investment in our team and technology and supports our growing ecosystem of customers and partners to build on our platform and create the best content experiences for today’s consumer.”
