Germany-based content management software provider Contentful raised $80m yesterday in a series E round that included Salesforce Ventures, the corporate venturing unit owned by enterprise software producer Salesforce.
Sapphire Ventures led the round, which also featured fellow venture capital firm General Catalyst and five undisclosed new or existing investors. It is nearing a $1bn valuation, a company spokesperson told TechCrunch.
Contentful has created a content management software platform that allows all of an organisation’s digital content to be controlled across multiple channels from a single point.
Steve Sloan, Contentful’s chief executive, said: “Legacy content management systems were built for a web-only era, before mobile devices became the front door to nearly every business on the planet.
“In this new digital-first era, companies must deliver content across devices and around the world. This changes the game, requiring new capabilities to create the next generation of digital experiences.”
Sapphire Ventures also led the company’s last round, a $33.5m series D in late 2018 that included Salesforce Ventures, Omers Ventures and existing backers General Catalyst, Benchmark, Balderton Capital and Hercules Capital.
The company’s earlier investors include Point Nine and Trinity Ventures, and it has now raised $158m since it was founded in 2013.
