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.

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.