Customer engagement SaaS platform MoEngage has secured an additional $180 million as part of its Series F funding round, taking the total capital raised in the round to $280 million. The latest investment comes months after the company raised $100 million in November 2025, highlighting strong investor confidence in its global growth strategy.
The fresh round was led by ChrysCapital and Dragon Funds, marking their entry into MoEngage’s cap table. Schroders Capital also participated, while existing investors TR Capital and B Capital continued to back the company. Although MoEngage did not disclose its valuation, market estimates suggest a post money valuation in the range of $850–900 million, placing the firm close to unicorn status.
MoEngage plans to deploy the new capital to accelerate product innovation, particularly within its Merlin AI suite, which enables brands to deliver personalized, real-time customer engagement. A significant portion of the funds will also be used to scale go-to-market teams in North America and Europe, the Middle East, and Africa (EMEA), alongside exploring strategic acquisitions to deepen platform capabilities and expand its global footprint.
In parallel with the fundraise, the company completed its second employee liquidity event, facilitating a $15 million tender offer for 259 current and former employees. The transaction also enabled partial secondary exits for early investors including Eight Roads Ventures, Helion Venture Partners, Z47, and Ventureast, providing liquidity while maintaining long-term alignment.
Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage offers insight driven customer engagement solutions across web, mobile, email, and messaging channels. Its platform combines customer analytics, campaign orchestration, and transactional messaging through a unified API.
Today, MoEngage serves over 1,350 consumer brands across 75 countries, engaging more than 2 billion users every month. With continued investment in AI-driven engagement and global expansion, MoEngage is strengthening its position as a leading player in the competitive global SaaS ecosystem.
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