Marketplace

MomentumForge Software

MomentumForge Software raises $1.4B Late Stage at $2.7B valuation

$1.4B
Total Raised
Late Stage
Latest Round
2017
Founded
358+
Employees
Miami, FL
3 min read

Quick Facts

Valuation
$2.7B
Latest Round Size
$1.4B
Latest Round Date
August 2024

MomentumForge Software: Scaling Marketplace Innovation

MomentumForge Software has secured $1.4B in Late Stage funding, achieving a valuation of $2.7B. The investment round was led by Insight Partners, with participation from Tiger Global, Coatue.

Company Overview

Founded in 2017 and headquartered in Miami, FL, MomentumForge Software is transforming the marketplace landscape through innovative technology and a customer-first approach. The company has established itself as a key player in the rapidly growing marketplace market.

Product & Market Position

MomentumForge Software's platform addresses critical challenges in marketplace by leveraging advanced technology to deliver scalable, efficient solutions. The company serves a diverse customer base ranging from startups to Fortune 500 enterprises.

Funding Details & Investor Confidence

This Late Stage round brings MomentumForge Software's total funding to over $1.4B, reflecting strong investor confidence in the company's vision and execution. Insight Partners led the round, citing MomentumForge Software's impressive growth metrics and market opportunity as key factors in the investment decision.

Growth Metrics & Traction

The company has demonstrated strong product-market fit with rapid customer adoption and consistent revenue growth. Key metrics include expanding customer base, improving retention rates, and increasing average contract values across all customer segments.

Use of Funds

MomentumForge Software plans to deploy the capital across several strategic initiatives:

  • Product Development: Expanding platform capabilities and introducing new features
  • Team Expansion: Hiring across engineering, sales, and customer success
  • Market Expansion: Entering new geographic markets and customer segments
  • Infrastructure: Scaling technology infrastructure to support growth

Market Opportunity

The marketplace market is experiencing significant growth, with industry analysts projecting substantial expansion over the next five years. MomentumForge Software is well-positioned to capture market share through its differentiated technology and go-to-market strategy.

Competitive Landscape

In an increasingly competitive marketplace sector, MomentumForge Software differentiates through superior technology, customer experience, and operational efficiency. The company's platform offers unique capabilities that address unmet market needs.

Leadership & Team

The MomentumForge Software leadership team brings extensive experience from leading technology companies and deep domain expertise in marketplace. This combination of technical excellence and industry knowledge positions the company for continued success.

Technology & Innovation

MomentumForge Software continues to invest heavily in research and development, with a focus on emerging technologies including artificial intelligence, machine learning, and automation to enhance platform capabilities and deliver superior value to customers.

Customer Success

Customer satisfaction and success remain central to MomentumForge Software's strategy. The company maintains high Net Promoter Scores and strong retention rates, reflecting the value delivered through its platform and services.

Future Roadmap

Looking ahead, MomentumForge Software plans to accelerate product innovation, expand into adjacent markets, and strengthen its position as a category leader in marketplace. The company is committed to sustainable growth and long-term value creation.

Industry Impact

MomentumForge Software's success demonstrates the transformative potential of technology in marketplace. As the company scales, it continues to set new standards for innovation, customer service, and operational excellence in the industry.

Key Investors

Insight Partners
Lead Investor
Strategic investment in marketplace sector
Tiger Global
Co-Lead
Strategic investment in marketplace sector
Coatue
Investor
Strategic investment in marketplace sector
General Catalyst
Investor
Strategic investment in marketplace sector

About the Author

Alex Thompson
Alex Thompson
Technology journalist covering startups and innovation