Conversica, a provider of intelligent virtual assistants for business, raised $20 million in a Series D funding round led by Hollyport Capital.
Existing investors participating in the funding round include Providence Strategic Growth (PSG), Toba Capital, and Savano Capital Partners.
Including the latest funding round, Conversica has raised $89 million to date. Conversica has experienced a 40% year-over-year growth in 2020, and these new funds will be used to continue its growth through investments in sales, marketing, and partner ecosystem. Additionally, the round allows the company to further invest in its intelligent automation platform product development and engineering.
Conversica provides intelligent virtual assistants that help businesses attract, acquire and grow customers at scale.
The Conversica intelligent virtual assistant serves as a virtual team member and autonomously engages contacts, prospects, customers, or partners in human-like, two-way interactions at scale to drive towards the next best action accelerating revenue; whether that’s scheduling a sales meeting, gauging interest to buy additional products or services, or politely but persistently collecting overdue payments.
“Conversica’s value proposition is changing the way businesses interact with customers,” said John Carter, Chief Executive of Hollyport Capital. “We view Intelligent Virtual Assistants as an innovative opportunity to optimize the workforce and build customer loyalty at scale, completely transforming the way revenue-generating teams operate.”