Klaviyo, a Boston, MA-based marketing automation company, raised $200m in Series C funding.
The round, which briìought post-money valued the company at $4.15 billion and total funding to $385.5m, was led by Accel joined by Summit Partners.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Andrew Bialecki, Klaviyo enables communication between companies and consumers via a platform that processes billions of consumer activities, or data events, every month — and then makes them available in real-time to accelerate targeting, analysis, and effective marketing. Over 50,000 innovative brands like Brooklinen, Bonobos, Untuckit, and Taylor Stitch use Klaviyo to power their marketing strategies.