Portland-based mobile marketing startup Urban Airship has raised another $12.1 million from existing investors in a Series D follow-up round.
The fresh cash pushes total funding for the fast-growing company to $58.7 million. Urban Airship will use the money, which comes from firms including True Ventures, Foundry Group and August Capital, to fuel its platform that helps customers deliver push notifications to mobile phones. The company, which currently employs 180, also plans to expand its workforce.
“Having just come on board Urban Airship as CEO, I’m pleased to see the board and our primary investors continue to invest in our future growth,”CEO Brett Caine said in a statement. “We are dedicated to helping businesses mobilize their most important relationships.”
The SEC filing notes an offering amount of $20 million for the Series D follow-up round. The company told us this morning that with Caine now on board, it is meeting with several new potential backers and wanted to leave room for other new investors.
Caine, who previously spent nine years at Florida-based Citrix, was named CEO and president at Urban Airship less than two weeks ago. Acting CEO Mike Temple returned to his post as CFO after temporarily replacing former CEO and co-founder Scott Kveton, who left the company in July amid sexual assault allegations by a former girlfriend.
Caine now leads a five-year-old company that has maintained a strong culture despite Kveton’s out-of-office problems this summer. On a recent trip to Portland, we sat down with two Urban Airship directors to find out out how the company handled not only the distraction, but also losing one of its leaders.
Urban Airship CMO Brett Hieggelke said that the company moved on quickly from Kveton’s departure and that not a single customer was lost.
“You can’t deny that this doesn’t have impact on culture,” Hieggelke said. “But you can certainly recover, and I think we have recovered remarkably fast.”
Urban Airship is among a crop of Portland startups that has found recent success in a city that has what some VCs call a red-hot startup scene. In June, IT automation company Puppet Labs raised a $40 million round to push total funding to $86 million for the five-year-old startup.