Engagement platform OneSignal has won $50 million in Series C funding, bringing its total financing to $80 million.
The round was led by BAM Elevate, an investment division of Balyasny Asset Management, with participation from Nimble Partners and existing investors SignalFire and Zach Coelius. OneSignal’s other existing investors include Rakuten Ventures, Yes.vc, HubSpot, and Y Combinator.
BAM Elevate’s Jamie McGurk will join the OneSignal board.
The money will be used to enhance OneSignal's omnichannel messaging & orchestration capabilities, the firm says. In addition, it will enhance its mobile email product, and develop its footprint in Europe, APAC, and Latin America.
The firm’s mission is to “democratize customer engagement for millions of businesses worldwide," states George Deglin, CEO and co-founder of OneSignal.
The company offers email messaging, analytics and the recently released workflow automation tool Journeys.