Zapnito secures £3.3m Series A funding from Octopus Ventures to expand its online community platform.
Octopus Ventures backed the London based software provider to scale its enterprise platform and drive international growth.
Zapnito provides a white label online community platform that allows brands to build customer participation and knowledge sharing. The company supports knowledge driven organisations, publishers and business to business software firms across Europe and the United States.
London based online community platform Zapnito has secured £3.3m in a Series A funding round from Octopus Ventures. The fresh capital will be directed towards product enhancement, including virtual events and analytics tools, alongside driving market expansion in the United States and scaling sales and marketing operations.
Founded in 2013, the company provides software that helps knowledge driven businesses and publishers foster peer to peer interaction and customer insights. The latest backing follows a bootstrapped growth phase supported by self funding and angel investment.
Octopus Ventures led the investment, noting the rising corporate demand for dedicated community management tools. The partnership is set to help Zapnito scale its enterprise offering and enter new geographic markets.
From the founder
"From the beginning of Zapnito, we have focused on enabling brands to create trusted communities. Until now our growth has been bootstrapped through self-funding and Angel investment. In Octopus we have found the right partner to allow us to further grow the Zapnito platform for larger enterprises and expansion into new markets. We’re incredibly proud to join their investment portfolio, and look forward to working with them to advance our mission of expert communities and collective intelligence."
Charles Thiede
CEO at Zapnito
Investor perspective
"Community management is now a crucial part of how brands service their customers. It can also help showcase their identity among the most loyal subscribers and contributors. In Zapnito, Charles and Jon have developed a market-leading proposition that enables companies to embrace the power of communities by harnessing collective intelligence. This is a trend that we see gathering pace as brands seek to take greater control of their narrative. We are excited to be backing Zapnito and look forward to supporting its expansion into new markets with this funding round."
Paul Davidson
Principal, Octopus Ventures
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
