ContactMonkey lands $55M investment to grow its email software for internal comms

Today, Toronto-based ContactMonkey, a platform that lets companies create, send and track internal comms from Outlook and more, announced that it raised $55 million in a Series A round led by Updata Partners. Said Updata partner Braden Snyder in a statement: “As employers continue to seek ways to better engage and retain talent, ContactMonkey is filling a key void in the market with their robust and user-friendly solution. “Our mission became to create a beautiful product for teams to leverage that’s user friendly and that has key data and insights to improve internal communications,” Pielsticker said. The platform integrates with Outlook, Gmail or Teams, as well as SMS and human resources information systems like Workday and ADP, assisting in orchestrating things like company announcements, alerts and updates. While he admits that ContactMonkey isn’t alone in the market for managing internal emails (see: Staffbase, Mailchimp), he argues that the investment from Updata puts it in a solid position to combat the challengers.