We are excited to welcome Promod Haque, senior managing partner at Norwest Venture Partners (NVP), to ZineOne’s board of directors. Haque’s induction to the Board comes subsequently from ZineOne’s recent successful Series B funding of $10 million by NVP and existing investor Flourish Ventures. NVP is a leading venture and growth equity investment firm, managing more than $9.5 billion in capital.
With this funding, ZineOne plans to continue to expand its customer base, geographic footprint, and innovative research and development efforts. Not only does this funding bring ZineOne’s total fundraising since 2014 to $15 million, but it also serves as an additional emblem of ZineOne’s growth in 2020.
“The importance of hyper-personalized engagement by today’s demanding consumers make it a critical space for ZineOne to deliver near-instant predictive engagement. This is why we are pleased to invest in ZineOne,” said Promod Haque, Senior Managing Partner, Norwest Venture Partners.
Through his 30+ years of investment experience, Haque has invested in more than 70 companies. In 2014 and 2016, Forbes recognized Haque as a “Hall of Fame” investor, and 2017 marked his 13th appearance on the annual Forbes Midas List, including 2004, when he was ranked the #1 venture capitalist based on performance over the previous decade. In 2006, Haque was presented with a Global Leadership award from NASSCOM, and he was honored with the 2011 SV Forum Visionary Award based on his outstanding achievements and contributions to the technology industry. These are all well-deserved accolades considering his investment track record — Haques’s investments have been worth more than $40B in aggregate exit value to date, with 25 of his portfolio companies going public and 37 being acquired (or have gone public and been acquired).
The ZineOne team is honored and looking forward to tapping into Haque’s vast experience serving as an investor and board member across a variety of sectors, including IT infrastructure and software services. In the past, he has specifically been involved with several companies that specialize in analytics, such as InsightsOne (acquired by Apigee), Information Advantage (acquired by Sterling Software), Showcase (acquired by SPSS), and Veveo (acquired by Rovi). For years, Haque has been immersed in the fields that paved the path for new, innovative solutions like ZineOne’s Intelligent Customer Engagement (ICE) platform.
Prior to our Series B funding, ZineOne debuted in the 2020 Gartner Magic Quadrant for Personalization Engines and developed our breakthrough technology, Speed to Sense™. Gartner recognized ZineOne for its Completeness of Vision and Ability to Execute, amongst thirteen personalization engines evaluated in the 2020 report. Speed to Sense™ is a new predictive capability of ZineOne’s Intelligent Customer Engagement (ICE) platform, developed in response to changing consumer behavior through the pandemic. The platform assists major retailers to boost incremental conversion rates by up to 50%, as opposed to pre-pandemic conversion rates of 3%—all while maintaining up to a 90% predictive accuracy.
The ZineOne team is excited to continue to innovate our product roadmap and adapt to new customer engagement challenges. We are looking toward a bright future for our predictive engagement platform and working alongside our new partners and investors.