ON24 has received an investment of USD25 million from Goldman Sachs´ Private Capital Investing Group, the company said.
The funding comes on the heels of rapid growth for ON24 — the company experienced 70 percent year-over-year subscription revenue growth in 2015. ON24 will use this funding to accelerate both domestic and international expansion as well as enhance the capabilities of its marketing platform.
Today, because of the engaging nature of video and webinars, more and more marketing leaders are turning to this proven medium to educate their target audience. This market trend has led ON24 to grow to serve more than 1,500 customers — making the company the leading webinar marketing platform for demand generation, lead qualification, and customer engagement.
ON24 is a webinar marketing platform for demand generation, lead qualification and customer engagement.
Private Capital Investing is Goldman Sachs´ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America.