Community, an SMS engagement platform that links businesses, brands, political and public figures, celebrities, singers, and creators to their followers at scale, announced a $25 million fundraising round today. Return investors Salesforce Ventures and new investors Morgan Stanley Next Level Fund, HubSpot, Pier 70 Ventures, Verizon Ventures, GSW Ventures, Backstage Capital, Wocstar Fund, and others participate in this round.
Since its inception in 2019, Guy Oseary, Ashton Kutcher, and Josh Rosenheck’s award-winning firm, Community, has helped to change how celebrities, musicians, and cultural pioneers communicate with their audiences via text.
By providing a bespoke 10-digit number, the company was among the first to provide its consumers with a hyper-personalized conversational SMS experience that was devoid of social algorithm intervention, spam, and advertisements.
After success with celebrities like Kerry Washington, musicians like JLo, and small businesses like Kids of Immigrants, Rizos Curls, and others, the company began moving upmarket in late-2021 by significantly expanding its customer base.
This momentum resulted in an expansion to enterprise and Fortune 500 organizations such as McDonald’s. Today, the corporation has evolved to include sports clubs and leagues such as the New York Yankees, Pittsburgh Penguins, Minnesota Timberwolves, Utah Jazz, and others entertainment companies such as Lionsgate, Showtime, and others; and music labels and artists such as Warner Music Group, among others.
The performance of Community’s human-assisted AI technology and user-friendly product is unrivaled, with 98% open rates within the first 5 minutes, 45% average click through rates, and 30% average response rates.
Key product integrations include Salesforce, Shopify, Zapier, ActBlue, and many more. The company is thrilled to announce that it intends to use the latest innovation enabled by Generative AI in many updates that will be released later this year.
Community is an SMS marketing network that connects businesses, brands, political and public figures, creators, musicians, celebrities, and others to large audiences via a unique 10-digit phone number.