Braze IPOs with $6B Valuation
Congrats to our partner Myles Kleeger and the entire Braze team on their recent IPO! We're thrilled to see the continued success of prior portfolio company Braze as they enter into their next phase of growth.
As of July 2021, the decade-old company had 1,119 customers around the world, up from 890 in January.
"We will continue to expand the company to take advantage of the huge addressable market, and the scrutiny of the public market is something that has been a kind of focusing point for the company for quite a while," Chief Executive Officer Bill Magnuson said.
Notable customers include Germany's online Delivery Hero, consumer finance firm Credit Sesame and PayPal's peer-to-peer payment service Venmo, among others.
Braze says its platform allows its clients to get a better understanding of consumer behaviors and plan their marketing strategies accordingly. It competes with software giants like Adobe and Salesforce, and also with other companies in the space like Airship, Iterable, Leanplum, MailChimp and MoEngage.
Read more about it here.