Branch has successfully raised $667 million over eight funding rounds, achieving a valuation of $4 billion. The company has received significant investment from top investors such as NEA, Founders Fund, and Playground Ventures.
Keep reading to explore the intricacies of Branch's fundraising journey and the investors backing this innovative platform.
What Is Branch?
Branch, founded by Mada Seghete, Mike Molinet, Dmitri Gaskin, and Alex Austin, is headquartered in Redwood City, CA. The company specializes in mobile marketing and deep linking solutions, transforming how brands and users interact across digital platforms.
With a workforce of 501-1000 employees, Branch has a global presence, serving over 3 billion monthly users and 50,000 apps. Their technology integrates into core marketing channels like apps, web, email, social media, search, and paid ads.
Branch's mission is to supercharge mobile growth by providing seamless experiences, increasing ROI, and eliminating siloed attribution. They have raised significant funding and continue to expand their operations rapidly.
How Much Funding Has Branch Raised?
- Seed Round
- Amount Raised: $300,000
- Date: September 2014
- Motivation Behind the Round: To kickstart the company's operations and develop initial product offerings.
- Seed Round
- Amount Raised: $2,750,000
- Date: September 2014
- Motivation Behind the Round: To further develop the product and expand the team.
- Series A
- Amount Raised: $15,000,000
- Date: February 2015
- Lead Investors: New Enterprise Associates (NEA) and Ben Narasin
- Valuation at Round: $75 million post-money
- Motivation Behind the Round: To improve the current product, enhance the online analytics dashboard, and expand the team size.
- Series B
- Amount Raised: $35,000,000
- Date: January 2016
- Lead Investors: Founders Fund
- Motivation Behind the Round: To grow the business, develop new tools, address app discoverability, hire new staff, make smaller acquisitions, and expand internationally.
- Series C
- Amount Raised: $60,000,000
- Date: April 2017
- Lead Investors: Playground Ventures
- Motivation Behind the Round: To fund the next phase of Branch's platform evolution and continued platform growth.
- Series D
- Amount Raised: $129,000,000
- Date: September 2018
- Valuation at Round: $1 billion (~estimated)
- Motivation Behind the Round: To fund Branch’s continued platform growth.
- Series E
- Amount Raised: $125,000,000
- Date: September 2019
- Motivation Behind the Round: To expand product offerings and enhance platform capabilities.
- Series F
- Amount Raised: $300,000,000
- Date: February 2022
- Lead Investors: NEA (New Enterprise Associates)
- Valuation at Round: $4 billion
- Motivation Behind the Round: To expand product investments, enhance the mobile linking platform, grow mobile measurement partner solutions, and accelerate research into new solutions for app discovery and improving the mobile ecosystem.
Branch has raised a total of $666,050,000 and is currently valued at $4 billion.
Key Investors
- NEA (New Enterprise Associates)
- Details: NEA is a global venture capital firm founded in 1977, with nearly $24 billion in cumulative committed capital. They have supported over 230 portfolio company IPOs and more than 390 mergers and acquisitions.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Uber, Coursera, Robinhood.
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in transformative technology companies. They have a reputation for backing ambitious projects and disruptive innovations.
- Investment Focus Areas: Technology, aerospace, artificial intelligence, healthcare.
- Notable Investments: SpaceX, Palantir Technologies, Airbnb.
- Playground Ventures
- Details: Founded by Andy Rubin, co-founder of Android, Playground Ventures focuses on incubating and investing in startups. Rubin left Google in 2014 to start this venture with $300 million in capital.
- Investment Focus Areas: Hardware, software, deep technology.
- Notable Investments: Nervana Systems, Canvas Technology, Rothy's.
- Pear Ventures
- Details: Pear Ventures is an early-stage venture capital firm that partners with entrepreneurs from the earliest stages of their companies. They focus on providing hands-on support to their portfolio companies.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: DoorDash, Gusto.
- Cowboy Ventures
- Details: Cowboy Ventures is a seed-stage focused venture capital firm that backs digital startups. They aim to support companies that can create significant value and impact.
- Investment Focus Areas: Seed-stage technology startups.
- Notable Investments: Dollar Shave Club, Product Hunt.
What's Next for Branch?
Branch stands at the cusp of significant opportunities, driven by the expansion of its mobile linking platform and mobile measurement solutions. With a $300 million investment and a $4 billion valuation, the company is poised to enhance app discovery and user engagement, leveraging its reach of over 3 billion monthly users. The growing importance of mobile apps and the need for seamless user experiences present a vast market for Branch to tap into.
Future fundraising seems promising as Branch continues to innovate and expand its offerings. The company’s strategic focus on addressing privacy changes and integrating new device types could attract further investments. However, challenges such as navigating privacy regulations and maintaining user trust will be critical. Competition from other deep-linking platforms and the need to continuously innovate will also test Branch's resilience.
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