Growth funds invest in mature technological startups and help them scale. Unlike taking earlier VC funding, growth funding will change our velocity, not our nature.
Seven-year-old marketing startup Optimove has raised $20 million from Israel Growth Partners in the company’s first outside funding. The round valued the company at $100 million.
For customer marketing, Amit sees the issue as being one of “personalize or vaporize”. That catchy term is meant to convey that if companies don’t communicate to customers in a personalized way that appeals to their customers, they’ll end up vanishing.
Optimove now enables marketers to increase customer spend, engagement and retention by targeting existing customers with personalized ads across Google media platforms, based on recent and predicted behavior patterns.
Pini Yakuel, CEO and founder of Optimove, talks to [a]listdaily about its “emotionally intelligent” approach to marketing, how Google Ads will help business engage and retain customers, and how the company has stated that it treats every campaign like a “marketing experiment.”
Optimove’s newest integration makes it possible for marketers to automate the management of many granular audience lists, each targeting small groups of customers based on behavioral signals, such as their latest purchase and browsing activity, responses to previous campaigns, predictive analytics, and more.