SendBird, a San Mateo, CA-based provider of a customizable chat and messaging API service for mobile and web applications, closed a $52m series B round of funding.
The round was led by Iconiq Capital with participation from existing investors Shasta Ventures, August Capital, Y Combinator, and Funders Club. In conjunction with the funding, Matthew Jacobson, General Partner at Iconiq Capital, joined SendBird’s board.
The company intends to use the funds to scale operations and address today’s $4.2 billion service addressable market for user-to-user messaging services.
The company serves top global customers including NBA, Yahoo! Sports, GO-JEK, Carousell, Virgin Mobile UAE, SEGA, Wargaming, Glu Mobile, Healthline, TriNet, Accolade, Yell, Hinge, Kookmin Bank, LG U+, SSG.