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Conversica Analysis: $101M Raised

What is Conversica?

Conversica provides autonomous AI-powered Revenue Digital Assistants that enhance lead quality and automate outreach, helping businesses engage and convert leads effectively.

Product Features & Capabilities

Prospecting
Enrichment
Personalization
Reply Handling
CRM Automation

Pricing & Customer Segments

Conversica's pricing starts at $2,999 per company per month, based on functionality needs.
A Starter Edition is available for $1,499 per installation, which includes unlimited seats for marketers, sales reps, and managers, with no setup fee required. This service operates on a monthly subscription with an annual commitment.

How much Conversica raised

Series D - $20M (April 5, 2022)

Investors: Hollyport Capital, Providence Equity Partners, and 2 more.
Date: April 5, 2022

Series C - $31M (October 29, 2018)

Investors: Providence Equity Partners, Canadian Imperial Bank of Commerce, and 3 more.
Date: October 29, 2018

Series B - $16M (April 25, 2018)

Investors: Not disclosed.
Date: April 25, 2018

Series B - $34M (December 14, 2016)

Investors: Providence Equity Partners, Toba Capital, and 4 more.
Date: December 14, 2016

Series A - Undisclosed (2015)

Investors: Toba Capital.
Date: 2015

Not specified - $8,589 (May 2, 2013)

Investors: Not disclosed.
Date: May 2, 2013

Not specified - $9,803 (May 1, 2013)

Investors: Not disclosed.
Date: May 1, 2013

Customer Success Story

Conversica has notable clients such as Iron Mountain and Epson America, both of which have achieved significant outcomes through the use of Conversica's AI-powered digital agents. 1. Iron Mountain: Operating in the information management services industry, Iron Mountain faced challenges with a large pool of dormant leads and early lead handoff in their marketing and sales processes. By implementing Conversica's Revenue Digital Assistant, they achieved a remarkable 17.2X ROI, an 18.5% conversation qualified rate, and reduced the time to qualify leads to 12.6 days. John Hansen, Senior Director of Field Marketing, emphasized the solution's effectiveness in re-engaging and activating leads. 2. Epson America: As a player in the technology industry, Epson America struggled with a large number of new leads and inconsistent follow-up processes. After utilizing Conversica's Revenue Digital Assistants for Marketing and Sales, they reported $2 million in incremental revenue within 90 days, a 500% increase in influenced pipeline, and a 75% increase in marketing qualified leads. These case studies illustrate how Conversica's solutions have driven substantial revenue growth and improved lead management for their clients.

Platform Ratings & Reviews

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Financial Overview

$24.6MEstimated Revenue
$101MTotal Raised
Series D$20M
April 5, 2022
Investors: Hollyport Capital, Providence Equity Partners, and 2 more.
Series C$31M
October 29, 2018
Investors: Providence Equity Partners, Canadian Imperial Bank of Commerce, and 3 more.
Series B$16M
April 25, 2018
Investors: Not disclosed.
Series B$34M
December 14, 2016
Investors: Providence Equity Partners, Toba Capital, and 4 more.
Series AUndisclosed
2015
Investors: Toba Capital.
Not specified$8,589
May 2, 2013
Investors: Not disclosed.
Not specified$9,803
May 1, 2013
Investors: Not disclosed.