Denver-based mostly SendGrid has filed for an IPO.
The enterprise, which helps marketers send emails to customers, says in its S-1 that it has processed more than “a thousand billion emails.”
income for final 12 months turned into $ seventy nine.9 million, in comparison with $ fifty eight.5 million in 2015 and $ forty two.3 million the yr earlier than. The company is unprofitable, dropping $ three.9 million in for 2016, in comparison to $ 5.9 million in 2015.
in line with the “risk factors” component to the submitting, “if we’re unable to preserve constant revenue or salary increase, our inventory fee may be risky or decline, and we may no longer achieve or hold profitability.”
SendGrid acknowledges that it competes with SparkPost, MailChimp and divisions of Amazon, Salesforce and Oracle.
The business has raised more than $ eighty million in venture funding relationship lower back to 2009. The largest shareholders are Foundry group, Bessemer undertaking companions, dual carriageway 12 Ventures and Bain Capital Ventures.
Morgan Stanley and J.P. Morgan are managing the IPO.
Fundings & Exits – TechCrunch