SendGrid Raises $5 Million, Sends A Bajillion E-mails

Funding Rounds

▤ Summary

Foundry leads the investor group, which includes angel investors Scott Petry (Postini founder) and Matt Mullenweg (WordPress) and several of SendGrid’s early backers, such as Highway 12 Ventures, David Cohen (TechStars), Jeff Clavier (SoftTech VC), Dave McClure (FF Angel). “SendGrid elegantly solves what can be a dizzying array of problems for businesses sending important application-generated email,” McIntyre says. The point is to improve deliverability and provide an organized way to analyze and track e-mails— whether your business sends out 100,000 e-mails a month or hundreds of millions. To put this in perspective, Co-founder and CEO, Isaac Saldana says SendGrid as a whole is on track to deliver 500 million e-mails next month (approx. The company is focusing on small ad-ons (like its recent newsletter creator feature), tweaking its bounce management software to make it more customizable and increasing usability.

$ Funding

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Amount $5.0M Total raised
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Date April 20, 2010 Announcement date
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Investors Techstars Ventures, SendGrid, hwy12, Ozie Group LLC, 500 Startups, Techstars, SoftTech VC, Foundry Group Lead investors
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Company http://www.sendgrid.com Funded company

▥ Classifications

industries
No industries detected
applications
Sales and Marketing

◇ AskAI Classifications

Labels
Email Delivery Platform SaaS API Service

▦ Linked Companies

SendGrid
$100M to $250M