In the last few days, the headlessly brilliant content management system, Contentful, announced that it has received another $175 million in a Series F round on capital.
The recent investment was led by Tiger Global and now gives the CMS a total valuation of close to $3 billion.
Contentful provides their customers with a content service that delivers images, text, and other relevant content to their websites as well as apps at fast speed to meet the instant demands of modern ecommerce.
Before the latest round of capital, Contentful’s previous round of funding brought in $80 million, which was led by Sapphire Ventures back in 2020.
The nuts and bolts of Contentful
Contentful’s CEO, Steve Sloan, recently told TechCrunch that what Twilio is to the communications market, and what Stripe is to the payment market, Contentful is that to digital content.
And this ultimately is crystallized in APIs. The platform has a bundle of core APIs that facilitates the writing and reading of content tied to its data buckets as well as making content available just at the right time.
This leads to the general view of the content management system in which it doesn’t want to want businesses just build apps. There are plenty of other platforms that excel at that. But it’s not the space that Contentful wants to be in.
Rather, Contentful wants to help businesses’ apps load much faster. As such, the content management system is taking aim at the workload of developers and delivering the functionality as an API.
What this means is that customers of Contentful can avoid needing to think about global bandwidth and content delivery networks when it comes to their content – it’s taken care of.
And these customers of Contentful can be split up into three main categories: enterprise customers, mid-market customers, and venture-backed startups.
Group them back together again and you can see that all of these three groups are pursuing digital transformation – or at the very least digitally native. And that puts Contentful in a strong position as it continues to not only move forward but accelerate forward.