Manychat, a Palo Alto, CA-based provider of conversational AI and automation platform, has raised $140 million in growth capital, bringing its total funding to $163.3 million.
Investors
The round was led by Summit Partners, a prominent growth equity firm founded in 1984. It has invested in over 550 companies across technology, healthcare, and other growth sectors. With offices in North America and Europe, Summit’s portfolio companies have completed over 175 public equity offerings and 250 strategic acquisitions.
Manychat Use of Funds
The company will use the funding to expand globally, invest in R&D, and advance AI-driven solutions for businesses and creators engaging with their audiences on various platforms.
About Manychat
Founded in 2015 by Mike Yan and Antony Gorin, ManyChat provides a cloud-based platform to help businesses automate and manage customer interactions across multiple messaging channels. Its platform is designed to streamline customer interactions, enhance engagement, and support social commerce. Through its conversational AI and automation solutions, ManyChat empowers businesses and creators to engage their audiences with intelligent, automated conversations. Manychat has served over one million enterprises across 170+ countries.
Funding Details
Company: Manychat, Inc.
Raised: $140.0M
Round: Growth Capital
Funding Date: April 2025
Lead Investor: Summit Partners
Company Website: https://manychat.com/
Software Category: Conversational AI / Social Commerce
Source: https://www.prnewswire.com/news-releases/manychat-raises-140m-to-fuel-the-future-of-ai-driven-customer-engagement-on-social-and-messaging-platforms-302433976.html