Klaviyo Raises $320M in Series D
Klaviyo has successfully raised $320M in a Series D at a $9.5B valuation led by Summit Partners, Accel, Shopify.
Company Overview
Klaviyo is a Marketing Tech company headquartered in 125 Summer Street, Boston, MA 02110, founded in 2012 with 1500+ employees.
Email and SMS marketing platform
Fundraising Details
- Amount Raised: $320M
- Round Type: Series D
- Valuation: $9.5B
- Date: 2024-05-04
- Investors: Summit Partners, Accel, Shopify
About Klaviyo
Email and SMS marketing platform The company is positioned in the Marketing Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 125 Summer Street, Boston, MA 02110
- Founded: 2012
- Team Size: 1500+
- Industry: Marketing Tech
What This Means
This funding round demonstrates strong investor confidence in Klaviyo'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. Klaviyo's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $9.5B valuation marks an important milestone for Klaviyo, positioning the company among notable players in the Marketing Tech industry.
Looking Ahead
With this new capital, Klaviyo 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 2024-05-04. For more information about Klaviyo, visit their headquarters at 125 Summer Street, Boston, MA 02110.
