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MoEngage raises $180M more in Series F, total hits $280M

VCXpress Editorial Team
calendar_today12/18/2025
schedule8 min read

bolt Executive Summary

  • MoEngage has raised an extra $180 million in its ongoing Series F round. The funding also included a liquidity event for employees and early backers.
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MoEngage raises $180M more in Series F, total hits $280M
MoEngage

MoEngage has raised an extra $180 million in its ongoing Series F round. The funding also included a liquidity event for employees and early backers.

Funding details: $180 million (USD) (Series F)

Full Story

MoEngage has raised an additional $180 million as part of its Series F funding round. This brings the total Series F raise to $280 million, following a $100 million tranche announced in November 2025.

The new funding was led by ChrysCapital and Dragon Funds, with participation from Schroders Capital. Existing investors TR Capital and B Capital also joined the round.

Alongside the funding, MoEngage completed a second employee liquidity event worth about $15 million. The tender offer benefited 259 current and former employees. Early investors including Eight Roads Ventures, Helion Venture Partners, Z47, and Ventureast were part of select secondary transactions.

The company plans to use the fresh capital to improve its Merlin AI tools, grow sales teams in North America and Europe, and look at acquisitions that support global growth. MoEngage is also expanding its product set for both marketing and product teams, focusing on analytics and transactional messaging.

Founded in Bengaluru and San Francisco, MoEngage works with over 1,350 consumer brands worldwide. Its platform is used across marketing, product, and engagement teams to understand user behavior and act on it in real time.

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