Startups

Ceros Nabs $100M In New Round 

Design platform Ceros has raised $100 million in funding, the company announced Thursday.

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The cloud-based design platform helps marketers make content without any code, per Ceros’ website. It’s collaborative and lets marketers and designers drag and drop assets, animate designs, and tweak designs’ displays across different devices.

Ceros was founded in 2012 in London and has more than 200 employees across five countries. The company has offices in London and New York, and its platform is used across industries ranging from education to health care to financial services.

With businesses focusing on their digital presence because of the COVID-19 pandemic, many of Ceros’ customers have doubled their run rate of live experience creation, according to the company.

Sumeru Equity Partners led the new round of funding. Ceros management and existing investors also participated in the round, according to a statement from the company.

“SEP’s strengths lie in data, analytics, and operational support in scaling SaaS businesses and our strengths lie in design, creativity, and a great product,” CEO Simon Berg said in a statement. “When we join the two, we have a marriage of limitless potential.”

Ceros is used by companies including NBC, Snap, United Airlines, and McKinsey, the company said. It’s backed by firms including Greenspring Associates and Grotech Ventures.

The company last raised money with its $14 million Series C in February 2019, according to Crunchbase. It also raised $11 million for its Series B in August 2016, $6.2 million in another round in April 2014, and $2.3 million for its Series A in June 2012.

Illustration: Li-Anne Dias

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