JRNI closes $6m Series C extension and appoints new CTO
UK-based JRNI, formerly BookingBug, announced today it has closed an additional $6 million in its Series C financing led by PeakSpan Capital, bringing its total funding to $23.2 million, enabling the customer engagement platform to accelerate its US growth and expand into other global markets as it appoints a new London CTO.
The financing round, which also saw participation from Downing Ventures and Somerston Group, builds on JRNI’s $13.4 million Series C financing from April 2018.
The new capital will, in part, be injected into European markets, complimenting the appoint of Simon Copsey, JRNI’s first CTO who will be based in its London headquarters.
Copsey has worked with BBC iPlayer, Sky TV and CNN to develop mobile apps and streaming services, but now he hopes to “further progress” JRNI’s product and drive “even more strategic value” to its customers.
JRNI’s CEO, John Federman, sees Copsey as a “critical component” for the company, praising his “deep technical expertise.
Federman adds: “As enterprises bridge the digital-to-physical divide in retail and financial services, JRNI is uniquely positioned as an extensible software-as-a-service (SaaS) platform driving business in-store and in-branch through to conversion.”
Investor PeakSpan Capital firmly believe JRNI “is solving a critical business problem” by focusing on increasing conversions.