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- Manychat
Manychat Funding, Investors & Competitors
Manychat has raised $163M across 5 funding rounds, most recently a $140M Series B in April 2025.
Last Manychat funding round
$140M
Series B · Apr 2025
Cumulative funding Manychat raised
$163M
across 5 funding rounds
Key investors in Manychat
Flint Capital
500 Global
Bessemer Venture Partners
Summit Partners
Skywell Capital Partners
Anton Anohin
About Manychat
Manychat is a no-code chatbot builder for messaging apps including Facebook Messenger, Instagram, WhatsApp, and SMS. The Flow Builder enables drag-and-drop automation of customer interactions for lead generation, sales funnels, and support. San Francisco-based since 2015, Manychat integrates with tools like Shopify, Google Sheets, and Zapier. The platform powers conversations for brands such as Adidas and HelloFresh across omnichannel dashboards.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Manychat Funding History
Manychat has raised a total of $163M across 5 funding rounds.
Manychat's first fundraising round was a $100K seed round in December 2015. The most recent completed round was a $140M Series B in April 2025.
Manychat funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2025 | Series B | Summit Partners (lead) | $140M | Manychat, a Palo Alto-based provider of conversational AI and automation tools for businesses across social and messaging platforms like Instagram and TikTok, raised $140 million in a Series B/growth capital round on April 22, 2025, led by Summit Partners. This brought the company's total funding to $163.3 million since its founding in 2015, following prior rounds including an $18 million Series A from Bessemer Venture Partners in 2019. The platform helps over 1.5 million customers in 170+ countries, including Nike, New York Times, and Yahoo, automate customer interactions, enhance engagement, and support social commerce through AI-driven features like Manychat AI launched in 2024. The funding will accelerate global expansion, R&D investments, marketing, customer support, and advancement of AI-agent capabilities across channels. Manychat, described as profitable and operating near break-even, sends billions of messages annually for more than one million businesses and creators. Summit Partners, a growth equity firm with offices in North America and Europe, led the investment, with partner Sophia Popova joining the board. |
| Apr 2019 | Series A | Bessemer Venture Partners (lead); Flint Capital | $18M | Manychat, founded in 2015 by Mike Yan and Antony Gorin, is a Messenger marketing platform helping small to medium-sized businesses grow by leveraging messaging apps like Facebook Messenger to engage customers. The platform had reached over 1 million registered accounts by April 2019, with users collectively managing 350 million Messenger subscribers and exchanging over 7 billion messages monthly across the platform. Manychat closed a $18 million Series A funding round led by Bessemer Venture Partners in April 2019, with participation from Flint Capital. The round was intended to fund hiring across research and development, marketing, and customer success roles. Bessemer partner Ethan Kurzweil joined the company's board of directors. The company's messaging platform serves customers across diverse industries including e-commerce, online services, education, retail, beauty, and hospitality, positioning itself at the intersection of growing messaging app adoption and business-to-customer communication needs. |
| Nov 2017 | Seed | Flint Capital (lead) | $4M | Manychat raised $4 million in a seed round in November 2017 led by Flint Capital to further develop the platform and scale operations. The company provides a messenger marketing platform that helps small to medium-sized businesses grow by engaging customers on apps like Facebook Messenger. This was Manychat's first institutional funding, preceding later rounds including an $18 million Series A in 2019 led by Bessemer Venture Partners with Flint Capital participation, and a $140 million growth round in 2025 led by Summit Partners, bringing total funding to $163.3 million. |
| Aug 2016 | Seed | Skywell Capital Partners (lead); Anton Anohin | $1M | - |
| Dec 2015 | Seed | 500 Global (lead) | $100K | - |
Who has invested in Manychat?
6 investors have backed Manychat across its funding rounds, including Flint Capital, 500 Global, Bessemer Venture Partners, Summit Partners, Skywell Capital Partners and Anton Anohin.
Lead investors include Summit Partners, Bessemer Venture Partners, Flint Capital, Skywell Capital Partners and 500 Global.
Manychat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2017 | ||
| 1 | Lead | Aug 2016 | ||
| 1 | Lead | Apr 2019 | ||
| -- | 1 | Participant | Aug 2016 | |
This data is available for Pro users. Sign up to see all 6 Manychat investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Manychat
Manychat has acquired 1 company to date.
Last acquisition by Manychat was on April 7th 2020. Manychat acquired Converlytics for undisclosed valuation.
Latest Acquisitions by Manychat
| Description | Converlytics is a web analytics and conversion rate optimization consultancy for e-commerce businesses. The Netherlands-based agency performs heatmapping, A/B testing, and funnel analysis using tools like Google Analytics 360, Hotjar, and VWO to identify friction points and boost revenue. Converlytics delivers data-backed recommendations, custom dashboards, and ongoing experimentation roadmaps for online retailers in Europe and North America. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 7 Apr 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Manychat acquisitions and their M&A valuation multiples. Start Free Trial | |
Manychat Competitors
Manychat competitors include listed companies like Salesforce, HubSpot and Zeta Global, and private ones like Talkdesk, Gong and Clay.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42B | $13B | $200B | 5.2x | ||
| Publicly listed | $3.1B | $140M | $11B | 2.9x | ||
| Private | $230M | - | $10B | 43.5x | ||
| Publicly listed | $1.3B | $39M | $7.6B | 4.5x | ||
| Private | - | - | $7.3B | - | ||
| Private | $200M | - | $7.1B | 35.5x |
Manychat Public Comps
Manychat is still privately-owned, but its public comps include Salesforce, HubSpot, Zeta Global, Pegasystems, Klaviyo, Lumine Group, Freshworks, Braze, SoundHound and Marketingforce Management.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $3.1B | $140M | 3.3x | 2.9x | 73.7x | 12.1x | |||
| $1.3B | $39M | 5.8x | 4.5x | 191.0x | 20.3x | |||
| $1.7B | $294M | 3.2x | 3.1x | 19.2x | 11.3x | |||
| $1.2B | ($51M) | 3.1x | 2.6x | (74.0x) | 16.7x | |||
| $766M | $278M | 5.3x | 4.2x | 14.4x | 12.6x | |||
| $839M | $41M | 3.2x | 2.9x | 65.7x | 11.3x | |||
| $738M | ($109M) | 3.4x | 3.0x | (23.2x) | 33.6x | |||
This data is available for Pro users. Sign up to see all Manychat competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Manychat
| When was Manychat founded? | Manychat was founded in 2015. |
| Where is Manychat headquartered? | Manychat is headquartered in San Francisco, CA, United States. |
| Is Manychat publicly listed? | No, Manychat is a private, VC-backed company. |
| How much funding has Manychat raised? | Manychat has raised $163M across 5 funding rounds. |
| What was Manychat's last funding round? | Manychat's last funding round was a $140M Series B in April 2025, led by Summit Partners. |
| Who are Manychat's investors? | Manychat's investors include Flint Capital, Skywell Capital Partners, Bessemer Venture Partners, Anton Anohin, Summit Partners and 500 Global. |
| Which companies are comparable to Manychat? | Companies comparable to Manychat include Salesforce, HubSpot, Talkdesk, Zeta Global, Gong and Clay. |
| How many companies has Manychat acquired? | Manychat has acquired 1 company, including Converlytics. |
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