Announcing Two Big Milestones: $2M in Funding and Now Serving Over 200,000 SMBs

Today, we’re excited to announce several major milestones. As of November, Privy now supports over 200,000 small and medium ecommerce businesses in over 180 countries. Collectively, these sites push over 1 billion consumers through Privy campaigns every month.

 

 

We’re truly humbled at how many entrepreneurs and marketers have turned to Privy to build strong relationships, grow their lists, convert new customers, and drive more sales.

In the past 30 days alone, Privy helped merchants drive over 5 million completed checkouts, and a total of over 35 million completed checkouts in 2017.

Privy’s on-site conversion platform simplifies the way new businesses and marketers engage and convert website traffic into first time and repeat buyers. The user experience is turn key, enabling our merchants to immediately drive more value through their shops.

So today, in addition to announcing this incredible user milestone, we’re also excited to share that we have closed just over $2 million in new funding from Accomplice, Kiwi Ventures, and angels including Mike Volpe, former CMO of HubSpot.

At our core, we believe that if entrepreneurs are taking the risk to pursue their dreams, the marketing software platform they adopt should remove headaches and help them get there faster.

“This new round of funding will help us further expand our capabilities and transition from a point solution for on-site conversion to a full marketing automation platform for small and medium sized ecommerce businesses,” says Ben Jabbawy, Founder and CEO at Privy. “With our rapidly growing user base, we’re excited to help our entrepreneurs and established marketers solve more problems under our roof.”   

In a few clicks, we want to enable new business owners with no technical skills, as well as more established marketers, to run effective campaigns that have an instantaneous impact on their stores.

The last two years, Privy has have grown revenues 300% year over year while tripling team size each year.

“With limited resources, the Privy team has achieved unparalleled growth rates. Executing their vision to be HubSpot for ecommerce, Privy is poised to become a standout platform,” says Ryan Moore, Managing Partner at Accomplice.

And that growth shows no signs of slowing down.

Says Mike Volpe, former CMO of HubSpot, “Privy has proven their ability to grow with very low cost of acquisition in the extremely crowded small-and-medium business martech market. I see tons of companies in this market and most of them have major issues standing out from the noise and having a scalable go-to-market model. Privy’s model and metrics are outstanding and are the critical ingredient for success.”

With this new funding, we can now invest even more into expanding our platform, accelerating our go-to-market, driving customer success, and investing in user education and support.

Stay tuned for even more great things happening behind the scenes.