Messagepoint secures $10 million credit facility from Espresso Capital
Toronto — May 5, 2022 — Espresso Capital announced today that it has extended a $10 million credit facility to Messagepoint, a provider of industry-leading cloud-based customer communication management (CCM) software solutions. The company will use the funds to expand its market outreach and continue to help organizations modernize their approach to customer communications.
“Customer experiences are rapidly evolving across industries as customers demand more dynamic, interactive digital experiences,” said Messagepoint CEO, Steve Biancaniello. “Messagepoint has always been at the forefront of modernizing how organizations manage critical, regulated customer communications. With Espresso’s credit facility, we’re able to accelerate our efforts as we continue to provide new and innovative ways of managing the content that drives those customer experiences.”
Messagepoint will invest in its headless CCM capabilities, allowing customers to leverage the same rich, data-driven content used in traditional print customer communications to deliver relevant, personalized, and dynamic digital experiences. The company is also investing in its AI-powered Content Intelligence offering to help businesses migrate, manage, and optimize their content. In addition, the funding will support Messagepoint’s expansion of its partner network in Europe and Asia Pacific, while also allowing the company to target new market segments with packaged verticalized solutions.
“Messagepoint is a great company with a blue chip customer base,” said Espresso Capital Executive Director, Mark Gilbert. “The company is building out some exciting new technology and is well positioned to expand, both within its existing client base and in new markets.”
“We value our relationship with Espresso,” Biancaniello continued. “They bring the flexibility, experience, and intricate knowledge of the market that we were looking for, and have been great to work with at every step of the process.”
Messagepoint’s existing investors include Volition Capital and NewSpring Capital.
Messagepoint is a leading provider of customer communications management software. Only Messagepoint harnesses AI-powered Content Intelligence to automate and simplify the process of migrating, optimizing, authoring and managing complex customer communications for non-technical (business) users. Customers rely on its award-winning platform to consistently deliver exceptional, highly personalized customer communications across all platforms and channels. For more information, visit www.messagepoint.com.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at espressocapital.com.