The Toronto-based email communications company has mostly bootstrapped its business since launching in 2010. The company says it is profitable and that it has grown 330 per cent in the past three years. (The Logic)
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The Toronto-based email communications company has mostly bootstrapped its business since launching in 2010. The company says it is profitable and that it has grown 330 per cent in the past three years. (The Logic)
Talking point: ContactMonkey’s platform is designed to help companies improve internal email communication by, for example, automating when emails are sent, creating segmented employee lists and collecting metrics like click-through and open rates. The company is among the tech firms whose business boomed during the pandemic. Many of those companies have since seen slowdowns in customer growth and investor interest. “This investment will provide us with the runway needed to deal with any market headwinds,” said founder and CEO Scott Pielsticker. ContactMonkey plans to use the investment from Updata—which specifically funds bootstrapped companies—to double its 80-person team and expand in Canada, Europe, the U.S. and Australia.
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