Darwin CX nets $38.4m to expand operations

Darwin CX

Darwin CX, a Toronto-based provider of a SaaS platform for the subscription economy, has scored $38m in funding. 

The round was headed by First Ascent Ventures and Felicitas Global Partners with participation from Metropolitan Partners Group and Liam Lynch.

According to FinSME, Darwin CX provides SaaS platform for subscription economy that helps brands accelerate acquisition and retention— and increase loyalty— through customized check-out pages, targeted audience offerings, real-time A/B testing, and best-in-class analytics.

The solution platform enables clients to control over customer data in order to tailor the best possible customer experiences.

In addition, the Canadian Darwin CX integrates with third-party applications and fulfilment providers.

Darwin CX intends to use the newly raised capital to expand operations, build strategic channel partnerships and continue investing in its product roadmap.

South Korea-based Tessa, which allows users to buy, trade and collect art, recently reportedly received $9m in funding from Kyobo Securities.

As part of the investment, Tessa will launch cooperation projects with Kyobo Life Insurance Group, according to a report from Korea Tech Desk.

This investment capital will also enable Tessa to strengthen its investor protection and expand its operations.

Speaking on the deal, Tessa CEO Kim Hyung-jun told Kore Tech Desk, “With this investment, we have secured both customer base and business stability. We will strive to comply with laws and regulations and strengthen investor protection while doing our best to create a safe fractional investment ecosystem.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.