Klaviyo, a Boston, Massachusetts-based customer data and marketing automation platform, raised $320m in Series D funding.
The round was led by new investor Sands Capital with participation from new investors Counterpoint Global (Morgan Stanley), Whale Rock Capital Management, ClearBridge Investments, Lone Pine Capital, Owl Rock Capital, Glynn Capital, and Keith Block (former co-CEO of Salesforce), and Accel and Summit Partners.
The company intends to use the funds to further its growth through product development, increased marketing and sales, hiring, and expansion into new international regions and verticals.
Klaviyo plans to use the latest funding to further its growth through product development, increased marketing and sales, hiring, and expansion into new international regions and verticals.
Klaviyo is a marketing automation platform dedicated to accelerating revenue and customer connection for online businesses. The platform makes it easy to store, access, analyze and use transactional and behavioral data to power highly-targeted customer and prospect communications. It is used by over 265,000 innovative companies like Unilever, Custom Ink, Living Proof and Huckberry.
The company plans to hire 500 more employees this year.