What an amazing week for Zephr. We’ve successfully completed our Series A funding round - bringing us a step closer towards achieving our vision to transform the subscription economy - with incredible VCs, led by Bertelsmann Digital Media Investments (BDMI), joined with Knight Capital and existing investor Nauta Capital with additional financing from Silicon Valley Bank (SVB). Not to mention great coverage with Sky News.
I wanted to take a moment and reflect on how we got here, what the funding means and what the future looks like.
How we got here
Three years ago, we started Zephr because we could see a real problem with how businesses were engaging and offering their digital products to their customers. Companies mostly adopted a one-product-fits-all approach, failing to recognise the individual needs of each customer. This insight surfaced the necessity for a solution to empower businesses with the ability to provide one-to-one personalised experiences.
It didn’t stop there. We wanted to remove the tension between business and technology and offer a solution that non-technical stakeholders can use with an intuitive, easy to use UI. Where teams can build, change, experiment and optimise with different parts of the journey safely and simply. With that we set out to raise a seed round to build a best-in-breed product that did precisely that.
Zephr is built on the latest technology and a more modern ecosystem. We took the decision to eliminate technical debt early and ended up with a clean code base that scales as we grow. The cornerstone of our product is speed, which leads itself to great customer experience. Time to value, speed to operation, speed to iteration. The speed in the platform is the fastest thing on the market. Enabling our customers to make fast, simultaneous decisions.
And that brings us to Series A…
Zephr has already seen tremendous growth from zero customers to double digits across 3 continents - the US, Europe and Asia - nearly triple revenue growth year on year with more than 40 employees hailing from 7 different nations and offices in NYC and London.
We’re excited to announce our $8M Series A, led by BDMI, to capitalise on this growth and take us to the next stage. BDMI, the venture arm of media giant Bertelsmann, brings a wealth of knowledge about our beach-head and will help us dominate the space, as well as push out into newer verticals such as video-streaming and Telecommunications. I couldn't be more excited to have them onboard, alongside Knight Capital, and Nauta Capital, who have backed us since our seed round and financing from Silicon Valley Bank.
We see a future where every subscription product is tailored to the precise needs of each individual customer. Every customer gets exactly what they want, at the right price, at the right time and our clients gain customers for life. This funding will provide us the opportunity to realise that future by investing in our product, our technology and actually adding value to our customers in unique ways.
Our global growth has afforded us a stellar team from across the globe. We will continue to drive investments in our people and further expand our footprint in the US, Europe and Asia. Providing the best-in-breed technology, service and support to our customers.
I speak for everyone at Zephr when I say, we can’t wait for the next year to uncover new opportunities and challenges as we shift the paradigm.
If you’d like to learn more about Zephr, request a demo.