Social Media Marketing Startup Manychat Raises $140 Million

Manychat, a startup that helps businesses send marketing messages on social media using artificial intelligence, raised $140 million in a funding round led by Summit Partners.

Manychat will use the money to launch additional features and expand globally, according to a statement Tuesday. The company didn’t disclose its valuation after the investment.

The messaging startup helps businesses and creators automatically reply to comments or send direct messages on social media sites, including Meta Platforms Inc.’s Instagram, Facebook and WhatsApp. Manychat has helped clients such as Nike Inc. and The Diary of a CEO
host Steven Bartlett respond ...