2 min Applications

Storyblock raises $47 million for product development

Storyblock raises $47 million for product development

Storyblok managed to raise $47 million (almost €45 million) in a new investment round. The money will be used to further develop its content management system (CMS) and expand into new markets.

The Series B investment round was led by the private investment companies Mubadala Capital and HV Capital. Other investors include 3VC and Firstminute Capital.

Storyblok develops a ‘headless’ CMS that allows both developers and marketers within companies to create, publish and scale content to various platforms. The company wants to use the funds to further develop its platform.

The specialist will soon launch a completely new version with more functionality. This includes improvements for digital asset management, visual edits and real-time collaboration. This latter should further streamline the flow of content between different teams. With these updates, companies can more easily publish and manage their content on websites, mobile, IoT and the metaverse.

Market expansion

In addition to further developing its CMS, Storyblok wants to use the investment for expansions in existing and new markets. The CMS specialist is primarily active in the United States and Europe, but hopes to grow in the APAC region as well. The specialist also wants to invest in an ecosystem of partners and applications.

Storyblok is used by 74,000 developers and marketers in more than 130 countries worldwide.

Tip: ‘Majority of CMS users concerned with security’