Sendoso Secures $100 Million Series C led by SoftBank Vision Fund 2 to Accelerate Global Expansion
The pioneer of Sending Platforms introduces Europe to its hub to serve its customers. 20.000+ global customers base.
Sendoso announced today that it had 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 and Craft Ventures, Sign Sendoso's total funding exceeds $152 million with this round. Sendoso is the leader in the category, and will use the funding to accelerate the expansion of its global footprint, the hiring and the product offerings.
Sendoso will open its new European headquarters in Ireland with a dedicated logistics and supply chain operation to further support its 20,000 global users from customers including Comcast, Kimpton Hotels, Thomson Reuters, Nasdaq, eBay Sendoso currently has over 500 employees across the United States, Europe and Asia Pacific, and will increase its workforce by 30% by the year-end.
"We believe Sendoso is the most comprehensive end-to-end gifting platform in the market," said Priya Saiprasad, Partner at SoftBank Investment Advisers. "Their platform includes a global marketplace of curated vendors, seamless integration with existing tools, global logistics and deep analytics. Sendoso is the backbone of the enterprises' engagement programs with prospective customers, existing customers and other key stakeholders. We're excited to lead this Series C round to help Sendoso accelerate its vision.
"Sendoso combines an advanced SaaS platform with the marketplace selection and logistics precision of Amazon.com. The unique combination delivers on-brand execution at scale for corporate gifting," said Kris Rudeegraap, CEO and co-founder of Sendoso. "This funding round is a major milestone for Sendoso and will help us expand our products, services and global footprint."
Sendoso founded in 2016, the pioneer and category leader, with more customers, capital and employees than any other vendor. The G2 Crowd named Sendoso a leader across nine categories. An acclaimed customer success team offers advice to businesses on how to build meaningful relationships through personalized engagement strategies. Sendoso customers benefit from the industry's most diverse roster of 30,000 gift options and global warehouses in North America, Europe, and Asia that have handled upwards of 3 million sends across over 165 countries.
Sendoso, About Sendess.
Sendoso is the leading Sending Platform, and it's the most effective way for revenue-driving teams to stand out with new ways to engage at strategic points throughout the customer journey. Sendoso customers see significant time savings per campaign, increase conversion rates and higher retention rates. Sendoso is founded in 2016 and is backed by a total of $152M in venture funding. It has ties with North America, Europe and Asia Pacific, with ten countries. Learn more at the top of this page. https://sendoso.com/ .
*As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments in certain portfolio companies by Softbank Vision Fund 2 ("SVF 2"). The information contained herein is intended only to inform and serve purposes and does not constitute an offer to sell or solicit a proposal to buy limited-partner interests in any fund, including SVF 2. SVF 2 hasn't had an external close, and potential third-party investors can receive additional information prior to closing concerning any SFS 2 investments.
Media Contact: Gravitate PR for Sendoso [email protected] [public domain] (Sponsor).
SOURCE Sendoso - SURCE.