Qubit Raises $40m in Series C Round

Feb 25, 2016


BEST PRACTICES SERIES

Qubit, which helps deliver data-first customer experiences, announced a $40m Series C investment led by Goldman Sachs Merchant Banking Division, with participation from Sapphire Ventures, and previous investors Accel and Salesforce Ventures. The funding will enable Qubit to more than double its engineering capability and help the leading digital experience management company to continue its growth trajectory. With this funding round, the company has received a total of $76m funding to date.

Qubit powers ecommerce businesses in the world to transform their customer experiences into greater incremental revenues and deeper, more loyal customer relationships. It plans to explore new applications of its Visitor Cloud, its customer data platform, in new use cases as well as continue to expand into new industries. The investment round sees a new addition to Qubit's Board of Directors. David Reis, Managing Director and Head of Technology at Goldman Sachs Merchant Banking Division in Europe, will join Accel's Bruce Golden and earlier investor Balderton Capital General Partner Bernard Liautaud on the board.

The firm added five new web solutions to its platform in 2015, and says it helped increase its average account size by more than 40%. In 2016 Qubit is set to evolve its capability into omnichannel customer experience management with the ability to stitch together the customer journey across every touchpoint; from website, apps, email, call center, advertising and more.

(qubit.com)