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Symend closes $52 million USD round to grow market presence for consumer-focused platform

Date: May 7, 2020Location: Calgary, Alberta

Series B funding accelerates growth and expansion of behavioral engagement platform

Symend announced the closing of a $52 million USD Series B funding round. The investment will be used to expand market presence and accelerate the growth of Symend's consumer-focused behavioral engagement platform.

The round was led by Inovia Capital, with participation from existing investors and new strategic partners. This significant investment validates Symend's approach to customer engagement and positions the company for accelerated growth.

$52 million USD in Series B funding — one of the largest funding rounds in recent Alberta tech history
"This funding represents a significant milestone for Symend and validates our approach to helping enterprises engage with customers more effectively. We're excited to accelerate our growth and bring our solution to more businesses worldwide." — Hanif Joshaghani, Co-Founder and CEO

The funding will support Symend's expansion into new markets and verticals, continued investment in product development, and significant team growth. Symend plans to more than triple its workforce in the coming year.

Investment Highlights

About Symend

Symend is a leading SaaS company that turns difficult conversations and everyday moments into positive experiences across the entire customer journey. Symend's Behavioral Engagement Technology delivers digital experiences that are hyper-personalized based on the science behind consumer behavior. Founded in 2016, Symend is headquartered in Calgary and privately held, with global operations across Canada, the United States and Latin America.

Contact:
Media Relations
media@symend.com

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