Kontagent Closes $12 Million Investment from Battery Ventures, Maverick Capital and Altos Ventures
SAN FRANCISCO, Nov. 10, 2011 /PRNewswire/ -- Kontagent, the leading enterprise user analytics company, today announced that it has closed $12 million in Series B financing. The investment was led by Battery Ventures, with continued participation from Maverick Capital and Altos Ventures. Roger Lee, General Partner at Battery Ventures, will join Kontagent's Board of Directors.
Kontagent will use the capital to solidify its position as the leading enterprise analytics solution for social applications, and for R&D to continue its product innovation and rapid expansion into broader markets, including mobile and Web environments. As the market continues to move toward "big data" and deep data science, Kontagent will also invest more heavily in building products and features that provide sophisticated data mining and predictive analytics capabilities, which will enable its customers to make better business decisions and maximize profits.
"Kontagent provides incredible value to its glowing list of enterprise customers," said Roger Lee. "Every business, regardless of domain, needs the type of immediate insight into per-customer profitability that Kontagent supplies. Kontagent's clear market leadership role in the data-intensive social gaming and application space gives us great confidence that their adoption in other verticals will be steep."
"Our strategy is to invest in technologies that are both transformative and fundamental to customers' business operations," continued Lee. "Kontagent's kSuite analytics platform meets both of those qualifications, and is a true game-changer for the industry."
"We are very pleased to welcome Battery Ventures, who are deeply committed to our vision of the future of user analytics, and also honored by the continued support from both Maverick and Altos," said Jeff Tseng, Kontagent's CEO. "With these partners by our side, we can grow our platforms to continue solving the business needs of our current and future customers through increased investment in product development, data science and other strategic areas."
Kontagent is the business leader in social application analytics, with leading publishers and media companies as clients, including: EA, Warner Brothers, Popcap, Ubisoft, Gaia, A&E and others. The Kontagent kSuite analytics platform provides stakeholders with the ability to optimize their customer economics through enterprise-wide accessibility to customizable dashboards and dedicated data science expertise and account management.
Kontagent is the leading user analytics platform for developers, marketers, product managers and strategic partners across the social and mobile Web. Our proprietary platform kSuite has been built from the ground up to provide deep social data pattern visualization and analysis that delivers actionable insights via an on-demand service. Kontagent tracks more than 1,000 social applications, over 150 million monthly active users, and in excess of 15,000 messages every second. Founded in 2007, the company is headquartered in the SOMA district of San Francisco with additional offices in Toronto and London. For more information, go to www.kontagent.com.
About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from seed, start-up and expansion financing, to growth equity and buyouts.
Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies, BladeLogic (acquired by BMC Software), Groupon, Netezza, Omniture, ProfitLogic (acquired by Oracle) and Skullcandy. Its current portfolio includes such emerging Internet and digital media firms as: Angie's List Bazaarvoice BlueKai, Exact Target, FreeWheel Media, LiveIntent and Lotame. Battery currently manages nearly $4B in committed capital.