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Sendoso Secures $100 Million Series C Led By Softbank Vision Fund 2 To Accelerate Global Expansion

Sep 14, 2021•almost 4 years ago

Amount Raised

$100 Million

Round Type

series c

San Francisco

Description

Sendoso, the leading Sending Platform, today announced it has secured $100 million in Series C funding, led by SoftBank Vision Fund 2*, with participation from existing investors Oak HC/FT, Struck Capital, Stage 2 Capital, Craft Ventures, Signia Venture Partners and Felicis Ventures. With this round, Sendoso's total funding exceeds $152 million. As the category leader, Sendoso will use the funding to accelerate the expansion of its global footprint, hiring, and product offerings.

Company Information

Company

Sendoso

Location

San Francisco, California, United States

About

Sendoso, the leading Sending Platform, is the most effective way for revenue-driving teams to stand out with new ways to engage at strategic points throughout the customer journey. By sending personalized gifts, branded swag, eGifts, and virtual experiences at scale, Sendoso customers see significant time savings per campaign, an increase in conversion rates, and higher retention rates. Founded in 2016, Sendoso is backed by $152M in venture funding and has a global footprint, with a presence in North America, Europe, and the Asia Pacific. Learn more at https://sendoso.com/. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 ("SVF 2") in certain portfolio companies. The information included herein is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy limited partnership interests in any fund, including SVF 2. SVF 2 has yet to have an external close, and any potential third-party investors shall receive additional information related to any SVF 2 investments prior to closing. Media Contact: Gravitate PR for Sendoso sendoso@gravitatepr.com Logo - https://mma.prnasia.com/media2/1624868/Sendoso_Logo.jpg?p=medium600

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech