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Australian Customer Analytics Startup Dovetail Raises $63M Series A At $700M Valuation

Jan 20, 2022almost 4 years ago

Amount Raised

$63 Million

Round Type

series a

Sydney

Description

Australian customer analytics startup Dovetail has raised $63 million in a Series A funding round led by US venture capital firm Accel, the company announced on Wednesday.

Company Information

Company

Dovetail

Location

Sydney, New South Wales, Australia

About

”Dovetail began working with Afterpay in 2017, when the company had less than 40 employees. Before they started Dovetail, Frandsen and co-founder Ash Fogelberg’s startup, ticketing and payments platform 1-Night, was acquired by TicketDirect in 2013.Dovetail’s venture studio is sector-agnostic (though it has strong experience in fintech, SaaS and marketplaces), and works with startups that may not have a product yet, but have founders who “are ambitious, commercially-savvy and bring industry expertise from the field in which they are trying to solve a problem,” said Frandsen. Dovetail has a product agency that serves mostly U.S. companies, but its venture studio is currently focused on Australasian startups, with plans to expand into North America in the future. , Dovetail is a full-service venture studio that works closely with founders who have a great idea, but may lack technical backgrounds.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech