Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform
EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round. The company also secured $5 million in venture debt from Silicon Valley Bank.
The announcement follows a year of accelerated growth; the company expanded its US revenues by ten-fold as it supported digital transformation for insurance, banks, and credit unions such as Cincinnati Insurance, NJM Insurance Group, PSCU, Sompo, and Petplan. The funding will accelerate EasySend's growth in the US and other geographic regions as well as support expansion into new verticals and product use cases.
Tal Daskal, Chief Executive Officer, EasySend: "COVID-19 led to a massive shift in the way people interact with businesses online. EasySend helps enterprises accelerate their five-year digital transformation plans in just three months, making it simple for them to offer exceptional online customer experiences. We are grateful for the support we've received from Oak HC/FT and our other investors and are excited to continue helping more businesses make the digital leap forward."
Founded in 2016 by Chief Executive Officer Tal Daskal, Chief Operating Officer Omer Shirazi, and Chief Technology Officer Eran Shirazi, EasySend's platform makes it easy for enterprises and SMEs to build and launch digital customer journeys, including customer applications, onboarding questionnaires, and claims forms, in days. It utilizes a no-code builder that is cloud-based and leverages AI, third-party integrations, and analytics to provide seamless customer experiences.
Dan Petrozzo, Partner, Oak HC/FT: "Today, more than ever, companies need to create exceptional customer experiences to have a competitive edge. EasySend has transformed the way businesses deliver a digital experience to their customers in a quick and efficient way. Our investment is a reflection of our belief that EasySend is in a unique position to lead enterprises into the digital era, and we see significant growth opportunities ahead."
In 2020, EasySend raised $11 million in a Series A round, in addition to $5 million in an earlier Seed round. To date, EasySend has raised $71.5 million in total.