Braze Nails $80 Million in Series E Funding

Braze, a customer engagement platform that delivers messaging via email, push and apps, has received $80 million in Series E funding, the company announced on Wednesday.

The round was led by Meritech Capital Partners. Also participating were Spark Capital and Cross Creek. 

Braze, formerly called Appboy, has now raised $130 in capital in slightly over a year and has more than doubled its valuation to $850 million from Series D in 2017, the company states.

In addition, Braze claims to have increased its monthly email volume since the beginning of 2017, and it has tripled its revenue and opened a Singapore office. The company says it processed 1 trillion engagement events in the second quarter of this year.

Among its 500 clients are ABC News, AccuWeather, Delivery Hero, HBO, Lyft, Jet.com, KFC Australia, Microsoft, RedMart, The Skimm, and Venmo.

JP Knab, chief marketing officer at Overstock, says Braze is "a critical component" of the customer experience that the company offers.

Meritech Capital Partners has investments in such technology brands as Facebook, MuleSoft, and Salesforce. 

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