Denver-based CpaaS company CometChat has raised $10 million in Series A round funding.
The oversubscribed round was led by Signal Peak Ventures in participation from its existing investors Matchstick Ventures, Range Ventures, Unbound VC, and others.
Started in 2010 by siblings Anuj and Anant Garg, CometChat is a communications platform for enterprises that provides them with plug n play text, chat, video, and voice communications solutions to be integrated with their websites and apps.
Speaking on the fundraise, Anuj Garg, Co-founder CEO, CometChat, said, “We are thrilled to add SPV as an investor and partner as we look to scale our platform offering and expand our growing customer base. This is an important milestone that we wouldn’t have reached without our incredible team. We look forward to further investing in our customers’ success.”
Commenting on the funding in ComeChat, McKay Dunn, Partner, Signal Peak Ventures, said, “I’m incredibly excited to partner with the CometChat team as they reimagine the way developers implement chat across websites and apps. When I first met Anuj and Anant a few years ago I immediately knew that they were people that I wanted to work with.”
“I was impressed by their extremely complementary skill sets and by the unique way they were pursuing a developer-first approach to chat. They have since been able to build out a world-class team and I couldn’t be happier to be a part of the CometChat journey,” Dunn added.
The company plans to utilise the raised funds for hiring, business expansion, and for product development.
CometChat’s Series A funding will further enable growth acceleration along with platform enhancements.
In addition to the Series A fundraising, CometChat has been investing in expansion and preparing for growth with numerous initiatives including the addition of former SendGrid marketing executive, Dan Mitzner, as the company’s Chief Marketing Officer.
Along with recent investment in Marketing, CometChat has enhanced the stability and scalability of the platform, ensuring customers can confidently deliver a rich user experience.