OneSignal, a leading customer engagement platform, has raised $50 million in a Series C VC funding — led by BAM Elevate, an investment division of Balyasny Asset Management.
There was participation from Nimble Partners and existing investors SignalFire and Zach Coelius. Other existing investors including Rakuten Ventures, Yes.vc, HubSpot, and Y Combinator, have also made investment in OneSignal.
OneSignal will use the VC funding to advance its messaging and orchestration capabilities, enhance its mobile data-driven email product, and strengthen its geographic footprint in Europe, Asia, and Latin America with global offices in London and Singapore.
OneSignal raised more than $80 million to date.
OneSignal has gained significant traction due to its freemium, and mobile-focused product. Each day OneSignal sends over 10 billion messages on behalf of over 1.7 million users, including companies such as Zynga, USA Today, Bitcoin.com, Sweetgreen, Upwork, and Tribune.