Private Equity VC Fund Investments
Community monetisation enabler Convosight raises $9-M from Qualgro, Unilever Ventures, others
New Delhi-based Convosight, a community monetisation platform, has raised USD 9 million in a Series A funding round led by Singapore-based venture firm Qualgro. Unilever Ventures, along with existing backers IvyCap Ventures and Sequoia Capital India's Surge, also participated in the capital raising. The company will use the funds for international expansion.
The startup is building a monetisation ecosystem for community creators on platforms like Facebook Groups, Reddit and Discord. It helps brands and creators leverage tech and data for digital marketing.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Apr-20, Convosight had raised over $3-M from IvyCap Ventures and Sequoia Capital India. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)