New unicorn Brevo raises $583M to challenge CRM giants

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Brevo, a customer relationship management company headquartered in Paris, is now a unicorn — a startup valued at more than $1 billion. The startup raised €500 million in fresh equity funding ($583 million), which will fund its efforts to compete with larger players such as Hubspot and Salesforce not just in Europe, but also on their home turf in the U.S.

Formerly known as Sendinblue, Brevo started out in 2012 as an email marketing solution for small businesses. The company expanded into mid-market and repositioned itself with a new name



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New unicorn Brevo raises $583M to challenge CRM giants


Brevo, a customer relationship management company headquartered in Paris, is now a unicorn — a startup valued at more than $1 billion. The startup raised €500 million in fresh equity funding ($583 million), which will fund its efforts to compete with larger players such as Hubspot and Salesforce not just in Europe, but also on their home turf in the U.S.

Formerly known as Sendinblue, Brevo started out in 2012 as an email marketing solution for small businesses. The company expanded into mid-market and repositioned itself with a new name



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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