Frontify $50M Revaia Lunden TechCrunch, an enterprise software company that provides an end-to-end platform for brand management, has raised $50 million in Series C funding led by Underscore VC. The investment round also included participation from existing investors such as Earlybird, High-Tech Gründerfonds and Investiere. This brings Frontify’s total funding to date to $80 million.
Frontify Raises $50M in Series C Funding Led by Underscore VC
Frontify, an enterprise software company that provides an end-to-end platform for brand management, has raised $50 million in Series C funding led by Underscore VC. The investment round also included participation from existing investors such as Earlybird, High-Tech Gründerfonds and Investiere. This brings Frontify’s total funding to date to $80 million.
The funding round was announced by Frontify on TechCrunch on August 6th, 2020. According to Frontify, the funding will be used to further develop its enterprise platform as well as expand into new markets.
Overview of Frontify
Frontify is a Swiss-based software company founded in 2012. It provides an end-to-end platform for brand management, allowing companies to manage the entire brand experience from the development of creative assets to the delivery of the final product. Its platform includes tools for asset management, design collaboration, brand guidelines, and customer feedback.
Frontify’s customers include some of the world’s leading organizations such as Unilever, Bosch, and Microsoft. It also has partnerships with leading organizations such as Adobe, Microsoft, and Shopify.
About Underscore VC
Frontify $50M Revaia Lunden TechCrunch is a venture capital firm that invests in early-stage startups. It has offices in Boston, US and London, UK and is focused on investments in enterprise software, data and analytics, artificial intelligence and machine learning, and fintech.
Underscore VC has invested in more than 100 companies, including Frontify, and has raised more than $500 million in venture capital. It has also incubated several successful startups, such as Cloudability, which was acquired by AppDirect in 2017.
Frontify’s Growth Trajectory
Since its launch in 2012, Frontify has experienced rapid growth. It currently has more than 500 enterprise customers and over 10 million users. It also has offices in Switzerland, the UK, Germany, and the US.
Frontify’s revenue has grown exponentially over the past few years and is projected to reach $50 million in 2020. The company also recently launched a new product, Frontify Workflow, which has been met with positive reviews from customers.
Impact of the Series C Funding
Frontify’s Series C funding will allow the company to further develop its platform, expand into new markets, and grow its customer base. It will also allow the company to invest in new products and services.
The investment from Underscore VC will also provide Frontify with access to the firm’s network of experienced entrepreneurs and investors. This will provide the company with valuable advice and guidance as it continues to grow.
Conclusion
Frontify’s recent announcement of a $50M Series C funding round led by Revolut is a testament to the company’s innovation and success in the digital design industry. Through their platform, Frontify has been able to provide users with a comprehensive suite of tools to help create, manage, and deploy digital assets. This new round of funding will enable Frontify to further expand its capabilities, increase its reach, and develop new products. It will also ensure that Frontify continues to be the leader in digital design and the go-to resource for creative professionals.
