Qubit, the digital experience management company that recently helped Nine West boost its email collection by 225%, has raised $40 million in Series C funding. Goldman Sachs Merchant Banking Division led the investment, with additional funding from Sapphire Ventures and previous investors Accel and Salesforce Ventures.
The funding will allow Qubit to more than double its engineering capability and help continue its growth trajectory, which includes retailer clients such as Journelle and Bebe.
In addition to the funding, David Reis, Managing Director and Head of Technology at Goldman Sachs Merchant Banking Division in Europe, will join Qubit’s Board of Directors alongside Accel’s Bruce Golden and earlier investor Balderton Capital General Partner Bernard Liautaud.
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“Qubit saw early how powerful a lever customer experience is going to be for businesses and built an infrastructure that starts with the data and allows its clients to engage with their customers based on a richer and deeper understanding of their behaviors and needs,” said Reis in a statement. “As we continue to give our growing client list the market’s best, most flexible and integrated range of personalization applications, we’re uniquely positioned to turn customer data into high and sustained ROI for our clients.”
