# SendGrid

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sendgrid

- Industry: Software
- Headquarters: Denver, US
- Website: www.sendgrid.com
- Total disclosed funding: $81M
- Latest round: Series D (Nov 17, 2016)
- Investors on record: 9

## About

SendGrid, Inc. offers advanced email communication solutions that empower businesses to effectively manage email delivery, optimize campaigns, and engage customers with seamless integration of email services.Founded in 2009 in Denver, US, SendGrid, Inc. specializes in email communication solutions. In November 2017, the company raised USD 131.2 mn in an IPO, and in October 2018, it was acquired by Twilio, Inc. for approximately USD 3 billion, completing the deal in January 2019. The founder, Jose Lopez, had a history of developing technology-focused startups.Twilio SendGrid focuses on providing email communication solutions that cater to businesses of all sizes, emphasizing reliable email delivery at scale. Their offerings include an Email API for seamless integration into applications and a suite of email marketing tools for engaging campaigns. Features such as email automation, dynamic templates, and testing enhance customer engagement and optimize delivery rates. Twilio SendGrid serves diverse clients globally, including major brands in e-commerce, marketing, and technology, with a presence in North America, Europe, Asia, and Australia.In the most recent year, 2017, Twilio SendGrid reported revenue of USD 111.89 mn and an EBITDA of USD 3.85 mn. The company operates on a subscription-based revenue model, with customers engaging in monthly or annual plans based on their email sending volume and service choices.Following its recent funding activities, SendGrid plans to develop new features and enhancements to its email communication solutions. The acquisition by Twilio will facilitate access to new technologies and resources to expand its product offerings. The company aims to broaden its market reach by targeting additional regions for growth, including Europe and Asia, leveraging the capabilities provided by the merger to enhance its service delivery and customer engagement strategies.

## Funding rounds

- Series D, Nov 17, 2016, $33M — Bain Capital, Bessemer Venture Partners, Foundry Group, Uncork Capital
- Series C, Dec 5, 2014, $21M — Bain Capital, Bessemer Venture Partners, Foundry Group
- Series B, Jan 10, 2012, $22M — Highway 12 Ventures, Bessemer Venture Partners, Foundry Group, 500 Global, Uncork Capital, TechStars, Techstars
- Series A, Apr 29, 2010, $4.7M — Highway 12 Ventures, Founders Fund, Foundry Group, 500 Global, Uncork Capital, TechStars, Techstars
- Series A, Dec 8, 2009, $0.8M — Highway 12 Ventures, Founders Fund, 500 Global, Uncork Capital, TechStars, Techstars, Pathfinder

## Investors

- Highway 12 Ventures (https://capitalatlas.ai/funds/highway-12-ventures) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A, Series B
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Series A, Series B, Series D
- TechStars (https://capitalatlas.ai/funds/techstars) — Series A, Series B
- Pathfinder — Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A, Series B, Series C, Series D
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series C, Series D
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C, Series D