Home » News » Outbound phone and SMS sales platform Regal.io raises $38.5 million in Series A funding

Outbound phone and SMS sales platform Regal.io raises $38.5 million in Series A funding

by Babu Patil
Outbound phone and SMS sales platform Regal.io raises $38.5 million in Series A funding.

Regal.io, a provider of outbound phone and SMS sales solutions, raised $38.5 million in Series A funding.

Emergence Capital led the round with Founder Collective, Homebrew, Flex Capital, Inspired Capital, Operator Collective, and executives from leading sales and marketing companies, including Braze, HubSpot, Salesforce, and Zoom.

As part of the investment, Jake Saper, General Partner at Emergence Capital, will join the board of directors. 

Regal.io has raised a total of $42.1 million to date. The startup previously raised $3.6 million in seed funding. 

The company will use the new funds to continue to invest in its go-to-market and engineering teams. 

Founded in 2020, Regal.io provides outbound phone and SMS sales solutions built to drive more conversations with customers. The startup currently powers over a million conversations a month, which drives over $50 million in monthly revenue for its customers. Customers use Regal.io, including Angi (formerly Angie’s List), Career Karma, Fidelity Life, RefiJet, Ro (parent company to Roman), SoFi, and The Farmer’s Dog. 

“Every digital brand uses a stack of one-way marketing automation tools to try and re-market to ‘abandoned’ customers, and they are seeing diminishing returns in those one-way channels,” says Alex Levin, Regal.io Co-Founder, and CEO. “The key to higher conversion is conversations. Regal.io’s solution leverages event-driven customer engagement to drive a conversation with a knowledgeable human at key moments — it’s the personal touch for the digital marketing age.”...

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