Braze Raises $80M in Series Unknown
Braze has successfully raised $80M in a Series Unknown at a $5.5B valuation led by Spark Capital, Meritech Capital, Institutional Venture Partners.
Company Overview
Braze is a Marketing Tech company headquartered in 330 West 34th Street, New York, NY 10001, founded in 2011 with 1700+ employees.
Customer engagement platform
Fundraising Details
- Amount Raised: $80M
- Round Type: Series Unknown
- Valuation: $5.5B
- Date: 2024-02-20
- Investors: Spark Capital, Meritech Capital, Institutional Venture Partners
About Braze
Customer engagement platform The company is positioned in the Marketing Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 330 West 34th Street, New York, NY 10001
- Founded: 2011
- Team Size: 1700+
- Industry: Marketing Tech
What This Means
This funding round demonstrates strong investor confidence in Braze's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Marketing Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Braze's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $5.5B valuation marks an important milestone for Braze, positioning the company among notable players in the Marketing Tech industry.
Looking Ahead
With this new capital, Braze is well-positioned to execute on its growth strategy and continue building innovative solutions in the Marketing Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-02-20. For more information about Braze, visit their headquarters at 330 West 34th Street, New York, NY 10001.
