ContactMonkey, the internal email communication platform, has successfully secured a $55 million Series A investment from Updata Partners, a prominent growth equity firm.
This substantial funding arrives at a critical time when employee engagement holds paramount importance. Reports by the BBC and Gallup underline the global concerns of disengaged workers, costing the economy trillions.
ContactMonkey, founded by Scott Pielsticker in 2010, aims to enhance internal communications, fostering collaboration and transparency across remote and diverse teams. The investment will facilitate scaling to meet soaring market demand while maintaining the platform’s impressive growth and profitability over the past three years.
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