Stensul, the US-based developer of an email creation software product, received $16m in series B funding yesterday from investors including Capital One Ventures, a subsidiary of financial services firm Capital One.
Venture capital firm USVP led the round, which also featured Peak State Ventures, Javelin Venture Partners, Uncork Capital, First Round Capital, Lowercase Capital and private investors including Frederic Kerrest, Ryan Carlson, Aaron Bird, Avid Larizadeh Duggan, Gary Swart and Lauren Vaccarello.
Stensul is the developer of an agile email creation platform intended to streamline the email creation process for enterprises, allowing them to combine custom templates with drag-and-drop content assembly and a collaborative comment system for feedback.
Noah Dinkin, chief executive of Stensul, said: “Of the many truths hiding in plain sight that 2020 has revealed, email is the lynchpin that drives everything for audience engagement, out-performing every other channel by a huge margin.
“Unfortunately, many organisations still operate with an outdated email creation model that holds marketing teams back and limits their ability to compete. Stensul brings substantial speed and agility to the email creation process, enabling teams to achieve better outcomes, without adding headcount or sacrificing quality.”
Javelin Venture Partners led Stensul’s $7m series A round in June 2018, investing together with First Round, Uncork Capital, Lowercase Capital, Arthur Ventures and angel investor Scott McCorkle.
