Total amount raised
$152.7 Millions
Latest funding date
Location
Sendoso has successfully raised $54 million in venture funding across multiple rounds, with the latest being a Series C. The platform specializes in personalized gifts, eGifts, and virtual experiences to help businesses connect and drive revenue.
Keep reading to explore the intricacies of Sendoso's fundraising journey and the investors backing this innovative platform.
What Is Sendoso?
Founded in 2016 by Braydan Young and Kris Rudeegraap, Sendoso is headquartered in San Francisco, California. The company specializes in personalized gifts, eGifts, and virtual experiences to help businesses connect and drive revenue. With a team of 251-500 employees, Sendoso integrates digital and physical sending strategies to enhance customer engagement.
How Much Funding Has Sendoso Raised?
- Seed Round
- Amount Raised: $2M
- Date: February 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and validate the business model.
- Series A
- Amount Raised: $10.7M
- Date: February 2019
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the customer base.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Stage 2 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance product offerings.
- Series B
- Amount Raised: $40M
- Date: February 2020
- Lead Investors: Oak HC/FT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series C
- Amount Raised: $100M
- Date: September 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and enhance platform capabilities.
Total Amount Raised: $152.7M. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a global technology investment fund known for its large-scale investments in high-growth companies. It is part of the SoftBank Group, a multinational conglomerate holding company.
- Investment Focus Areas: Technology, AI, Robotics
- Notable Investments: Uber, WeWork, DoorDash
- Oak HC/FT
- Details: Oak HC/FT is a venture and growth equity firm that invests in healthcare and financial technology companies. The firm aims to partner with entrepreneurs to build successful businesses in these sectors.
- Investment Focus Areas: Healthcare, Fintech, Insurtech
- Notable Investments: Devoted Health, Poynt, Insureon
- Stage 2 Capital
- Details: Stage 2 Capital is a venture capital firm focused on scaling go-to-market operations for early-stage companies. The firm leverages its expertise to help startups achieve sustainable growth.
- Investment Focus Areas: SaaS, B2B, Enterprise Software
- Notable Investments: Gong, Outreach, SalesLoft
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that focuses on early-stage and growth investments. The firm is known for its hands-on approach in helping startups scale and succeed.
- Investment Focus Areas: SaaS, Marketplaces, E-commerce
- Notable Investments: Airbnb, Slack, SpaceX
- Signia Venture Partners
- Details: Signia Venture Partners is an early-stage venture capital firm that invests in technology companies. The firm aims to support innovative startups through their growth journey.
- Investment Focus Areas: Early-stage Technology
- Notable Investments: Boxed, Cruise Automation, Big Health
What's Next for Sendoso?
Sendoso's future looks promising with significant opportunities on the horizon. The company plans to expand its platform and product offerings, particularly in Europe, where it aims to establish a new headquarters in Ireland. This move is expected to enhance its logistics and supply chain operations, positioning Sendoso to capture a larger share of the global market.
Given the recent $100 million Series C funding led by SoftBank Vision Fund 2, future fundraising opportunities seem likely as the company continues to grow. This substantial investment underscores the potential for further rounds to support ongoing innovation and expansion. However, managing global logistics and maintaining personalized service at scale will be critical challenges as Sendoso navigates its growth trajectory.
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