Social content company Livefyre has announced it has raised $47 million in funding, which includes a $32 million series D and $15 million series C2 round — the latter wasn’t announced previously due to its proximity to the upcoming larger round closing.
There are some interesting new investors on board too in the form of Adobe and Salesforce Ventures, who join existing investors Greycroft Partners, Hillsven Capital, U.S. Venture Partners, and Cue Ball.
Livefyre has become a common sight in the comments section of blogs and news sites around the world, with the Livefyre Comments platform used to power and manage online discussions. But it has a number of other products, aimed at helping brands manage and engage with users, which includes Livefyre Studio that launched last year. Livefyre’s broader toolset and mission is all about helping marketers manage and curate real-time content and discussions from across the Web.
Livefyre says it will use the cash influx for “strategic growth” areas including R&D, sales, and marketing. A particular focus will also be placed on growing internationally.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more