Mailgun Technologies, Inc., a San Antonio, Texas-based provider of email infrastructure software, received a majority investment from Thoma Bravo, a software-focused private equity investment firm.
Turn/River Capital was the stake seller in the transaction, whose amount was not disclosed. As part of the transaction, Turn/River and the management team of Mailgun will retain a minority ownership stake in the company.
The company intends to use the funds to expand its platform and accelerate product roadmap initiatives.
Led by Will Conway, CEO, Mailgun provides email API technology to over 150,000 companies, enabling developers to send, receive, and track email from within their applications. Software development teams at Lyft, GitHub, Iterable and Indeed embed Mailgun within their applications to power high-volume and high-frequency email messaging. The company’s infrastructure technology, combined with developer documentation, developer tools and customer support, ensures market-leading deliverability across several types of emails, including transactional and marketing use cases.
Now, over 150,000 companies use Mailgun to deliver their transactional and marketing emails to the inbox.