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SendGrid Raises $21 Million

SendGrid Making transactional email easy for developers everywhere. Email Delivery. Simplified. trans ac tion al TRANSACTIONAL EMAIL Automatically delivered to customers following specific actions, such as a friend request, sharing content or placing an order, transactional email drives social interaction, social sharing and customer retention across the social web. Customers anticipate receiving transactional email and rely on it to successfully use hundreds of thousands of applications. Funding History JUL SendGrid graduates from TechStars Program. 2009 AUG - SendGrid receives $12K in seed funding. (8/6/09) $12K 2009 DEC $750K 2009 SendGrid receives $750K in Series A funding. (12/8/09) $5M APR 2010 SendGrid receives $5M in Series A-1 funding. (4/20/10) $21M JAN 2012 SendGrid receives $21M in Series B funding. (1/17/12) for developers by developers We've become the email solution of choice for the developer community because we solve web developers' email headaches. EMAILS SENT Q4 2011 6.9 BILLION Q4 2010 2.1 BILLION Q4 2009 268 MILLION TOTAL EMAILS SENT: 26 BILLION TYPES OF TRANSACTIONAL EMAIL welcome messages account verification invoices and receipts · shipping notices - confirmations · service updates · subscription renewals · account updates · password delivery notifications · alerts and social notifications · friend requests Employees END OF 2009 S O @ 4 END OF 2010 O O O O e0e 19 END OF 2011 70 CUSTOMERS 37,000 12,000 1,000 2009 2010 2011 TOTAL CUSTOMERS: 40,000 1,200 150 EMAILS SENT PER SECOND countries 400 MILLION : EVENTS TRACKED PER DAY Every web app sends transactional email-rather than build all the code yourself, just let SendGrid do it. -Brad Feld, Foundry Group

SendGrid Raises $21 Million

shared by rmmojado on Jan 24
Today, we have officially announced that we have raised $21 million in a Series B round led by Bessemer Venture Partners. We plan to use this money to meet growing global demand, aggressively acceler...




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