The Series E funding round led by investors including Silver Lake comes not long after the startup made headlines when its board fired co-founder and then-CEO Justin Zhu.
Marketing technology companies have also been raising new funding in recent weeks. Today, the location marketing firm Uberall announced a $115 million Series C round, and last week the content management platform Contentstack raised $57.5 million for its Series B.Boni says he first got the idea for Iterable during his time at Google, where he worked on the company’s AdSense software.
Zhu did not respond to request for comment. However, his attorneys say they are weighing options. Charles H. Jung, an attorney with the law firm Nassiri & Jung LLP, said in a statement tothat “Justin loves the employees at Iterable and wishes them nothing but success,” but “this is a rare moment when America is becoming conscious of anti-Asian bias.”
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