Software-as-a-service startup Conversica has netted $20 million in Series D funding from private equity investor Hollyport Capital.
The US-based startup provides AI-powered virtual assistants, with the aim of helping businesses complement their existing workforce and automating functions such as sales, marketing, and finance. The startup has experienced 40% growth year-on-year since around 2014, says CEO Jim Kaskade, adding that the latest injection of capital will keep the startup on this growth path.
"I don't see a strong IPO window re-emerging [in] timing for us until our targeted 2024 timeframe," says Kaskade. "[But], I don't suspect we'll need more growth capital. I think the flywheel is gonna is going to be pretty strong coming into 2021."
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