Funding
MoEngage closes $100 million funding round led by A91 Partners, Goldman Sachs; valuing SaaS firm at $700 million
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Enterprise software-as-a-service (SaaS) company MoEngage has closed a $100 million funding round led by A91 Partners and existing investor Goldman Sachs Alternatives. The funding comprises 60% primary capital with the rest being a secondary sale of shares by existing backers.
According to sources in the know, the primary capital came in at a valuation of around $750 million, while the secondary transactions were valued at 15-20% discount, people familiar with the deal details said.The blended valuation of MoEngage stands at $700 million, these people…
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