Mighty Networks Analysis: $50M Raised
What is Mighty Networks?
Mighty Networks is a community platform that enables users to create and manage their own online communities. Their unique approach combines data-driven insights with user-friendly features to foster engagement and connection among members. This results in vibrant communities that drive growth and revenue for creators and businesses alike.
Location
127 Lytton Ave, Palo Alto, California 94301, United States
Employees
51-200
Founded
2017
Address
127 Lytton Ave, Palo Alto, CA, 94301
Latest Funding Round Size
Series B
Public Company Status
Private
Recent Funding Round
Series B
Recent Venture Round Amount
$50,000,000
State of Headquarters
California
Product Features & Capabilities
- Community creation tools for courses and memberships
- AI-driven features for member engagement
- Custom branded apps for unique user experiences
- Advanced analytics for community performance
- Integrations with popular tools like Zoom and Zapier.
Use Cases
Build and manage online communities for various interests; Create and sell online courses to members; Host live events and livestreams for community engagement; Automate member interactions and rewards; Analyze community data for growth strategies.
How much Mighty Networks raised
Series B - $50 million
April 26, 2021Lead Investor: Owl Ventures, Ziff Capital Partners, LionTree Partners, Intel Capital, Marie Forleo
Who are the founders of Mighty Networks
AW
Allison Wasz
Chief Operating Officer
TS
Tanisha Singh
Chief of Staff
Other Considerations
Ranked #1 community platform on G2; 90% retention rate among members; Supports over 40% of Fortune 500 companies.
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Financial Overview
$50MTotal Raised
Pre Seed
November 5, 2010
Seed
December 1, 2011
Series A
October 25, 2016
Investors: Sierra Wasatch Capital
Series A
April 4, 2019
Investors: Intel Capital, Sierra Wasatch Capital
Series B$50 million
April 26, 2021
Investors: Owl Ventures, Ziff Capital Partners, LionTree Partners, Intel Capital, Marie Forleo