Manychat has secured $140 million in new growth capital, led by investment firm Summit Partners. This latest round brings the company’s total funding to $163.3 million since its inception in 2015, building on its $18 million Series A, backed by Bessemer Venture Partners in 2019.
“Manychat was founded with a mission to help businesses grow by building meaningful customer relationships,” said Mike Yan, co-founder and CEO at Manychat. “We also take pride in our ability to package and simplify new foundational technologies for the benefit of our customers. The more useful and effective our technology becomes, the more our customers can focus on delivering exceptional value in their space. This new funding, along with Summit Partners’ guidance and expertise, will support our continued innovation in agentic AI and intelligent automation.”
As the lines between social media and commerce continue to blur, Manychat has positioned itself at the epicentre of a massive industry transformation. With social commerce expected to soar past $100 billion in the U.S. by 2026, the platform is also enabling over a million businesses in 170+ countries to automate and scale meaningful interactions with their customers across key messaging platforms like Instagram, TikTok, WhatsApp, and Facebook Messenger.
Manychat streamlines billions of automated conversations yearly to drive engagement, nurture leads, and open new revenue streams. Its strength lies not just in its reach but also in its ability to simplify advanced technology, making it accessible and practical for small businesses and global brands.
Already profitable, Manychat plans to channel the funding into global growth initiatives, ramp up product innovation, strengthen customer support, and boost its marketing footprint.