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Infobip, a global cloud communications platform, becomes a unicorn. The company has an office in Kyiv

Infobip, a Croatian developer of a cloud communications platform with an office in Kyiv, has become a unicorn. In the new funding round, the valuation of the company exceeded $1 billion, as AIN.UA was informed by the company representatives.

  • The company raised $200 million from private equity firm One Equity Partners in Series A round. According to Infobip, this is the first external investment round.
  • The investment will help Infobip to further enhance the company’s products and develop engineering expertise.
  • Among Infobip’s Ukrainian customers are Rozetka, Citrus.ua, MOYO, Uklon, Uber, Zakaz.ua, Ukreximbank, PZU Ukraine, Alfa Insurance (Ukraine).
  • Infobip said that the deal is one of the most notable in the history of Series A round investments in European tech companies, as it exceeds the typical amount of funding for this series by 20 times.

“Solutions in this field can be enhanced endlessly, and the additional investment will help accelerate the development of new features, which is ongoing. This will allow our customers to always be one step ahead by applying the best global solutions first,” comments Ruslan Koval, Infobip’s CEO in Ukraine.

About the company

Infobip is a global communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, with easy and contextualized interactions over customers’ preferred channels. In 2020, Infobip has 65 offices on six continents.

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