Mautic Raises $5M to Fund Open Source Marketing Automation Project
Mautic, the open source marketing automation software vendor, has successfully closed a $5 million A Round, led by G20 Ventures and Underscore.VC. A big win for the growing cloud-based marketing company.
Earlier in 2016, Mautic announced $600,000 in seed funding from the same two investors mentioned above. This new round of investment has come following Mautic's significant traction with its customers and open source community.
A Closer Look at Mautic
The Mautic open source project has enjoyed a healthy level of growth throughout 2016. The statistics speak for themselves:
- More than 50,000 downloads of the open source version
- More than 20,000 additional companies using the free hosted version
- Thousands of contributing developers around the world
- Translated into 24 different languages
- Launched dozens of new features in 2016 alone due to the vibrant community
Those features include things like SMS campaigns, contact management, segmentation, multi-channel marketing, built-in reports, and much more. It's a fully fledged markting automation system – but it's open source, too.
Mautic also recently announced that Matt Johnston has joined Mautic’s founding team and will become CEO at the end of 2016. Johnston is currently the Chief Marketing and Strategy Officer at Applause.
The co-founder and CTO of Mautic, David Hurley, had this to say:
“Adding Matt, with his track record of growing community-driven startups into major disruptive forces, is a great win for Mautic. We’ve connected seamlessly about Mautic’s vision, and have a shared philosophy for building a great company around an already-strong product and community.”
For more information, check out the official press release.