Momentum, a San Francisco, CA-based customer intelligence platform that enables enterprise listening and automation, has raised $13 million in Series A, bringing its total funding to $18 million.
Investors
The round was led by FirstMark Capital, with participation from Stage 2 Capital and existing investors, including Basis Set Ventures and Leadout Capital.
FirstMark is an early-stage venture capital firm in New York City. Their mission is to partner with exceptional entrepreneurs who are changing the world by solving meaningful problems. FirstMark has proudly backed founders of remarkable businesses like Pinterest, Shopify, DraftKings, Discord, Airbnb, and dozens more.
Amish Jani, FirstMark Founder, and Partner, joins the board alongside Mandy Cole, General Partner, at Stage 2.
Momentum Use of Funds
The company will use the funding to accelerate product development, innovate further for enterprise revenue teams, and drive additional business expansion.
About Momentum
Founded in 2020 by Santiago Suarez Ordoñez, Ashley Wilson, and Moiz Virani, Momentum provides an AI-driven customer intelligence platform. It captures customer intelligence via call recordings, emails, and Slack, leveraging AI and automation to synthesize data without requiring a new platform. Momentum integrates seamlessly with existing tech stacks, extracting data from applications like Gong, Clari, Zoom, and Google Meet. Recent features include Custom Summaries, Contact Automation, Automatic Churn Detection, and native integrations with Salesloft and Chorus by ZoomInfo.
Funding Details
Company: Momentum Labs, Inc.
Raised: $13.0M
Round: Series A
Funding Month: July 2024
Lead Investors: FirstMark Capital
Additional Investors: Stage 2 Capital, Basis Set Ventures and Leadout Capital
Company Website: https://www.momentum.io/
Software Category: Customer Intelligence
Source: https://www.prnewswire.com/news-releases/momentum-raises-13-million-series-a-to-further-its-mission-of-transforming-customer-data-into-actionable-insights-for-revenue-teams-302203334.html