Knowlarity raises $20m in its Series C funding round
The latest investment was spearheaded by Dubai-based Delta Partners, and will focus on future expansion in Middle East, Africa and Asia-Pacific region.
Knowlarity, a cloud communications platform that is active in emerging markets across Asia, has revealed that it has raised $20m in its Series C funding round.
The latest investments were led by Dubai-based private equity firm Delta Partners, but also included small debt-based investments from Blacksoil and Trifecta Capital. To date the total funds raised by Knowlarity has reached $41m, marking it as one of the most capitalised cloud communication firms in Asia.
Ambarish Gupta, founder & CEO, Knowlarity, said, "The success of the latest funding round is a strong indication of the trust our investors have in our vision as well as in our strong focus on robust unit economics, which has seen us recently achieve EBITDA breakeven.
He added: "We are excited about joining hands with Delta Partners, one of the leading advisory and investment firm in the UAE as we enter the Middle East, Africa and Asia-Pacific region. With the domain expertise Delta Partners and the other investors bring on-board, we are confident that we will be able to provide even more innovative Consumer to Business Communication solutions to businesses around the world and establish ourselves as global leaders in the segment."
The funds raised by Delta Partners, a renowned name within the telecom tech field in MEA, is expected to be utilised by Knowlarity to expand its global footprint and acquire advanced technology products.
Dominic Halfpenny, partner at Delta Partners Capital, commented, "The way customers and businesses communicate is in the midst of a profound transformation, enabled by new communication channels and the advent of Artificial Intelligence.
"In an age when customers' demand for immediacy and first-class service is at an all-time high, those businesses with most efficient interactions with clients will benefit from unparalleled superiority in the market."