SendinblueThe leading platform for small to medium businesses, has announced that it has surpassed $100 million in Annual Recurring Revenue (ARR), reaching the centaur level alone. 160 companies in the cloud industry, all over the world, they’ve managed-all of them still have EBITDA. The most coveted position comes after 10 years of the company. To date, Sendinblue has raised $196 million with Series B funding in October 2020 of $160 million, which was the largest round of fundraising for any advertising platform in the US and Europe at the time. Since raising Series A funding in 2017, the company has grown its revenue 10x from $10M ARR to $100M ARR over the past five years.
The company evolved from a single email marketing solution to a reliable multi-channel solution that enables SMBs around the world today in more than 180 countries. Sendinblue now offers a wide range of products, from email marketing (with automation, landing pages, etc. ), Conversations (including a chat and share box for WhatsApp, Facebook, Instagram, and email campaigns), a sales CRM and marketing messaging platform, and integrates with more than 75 leading business tools and marketing systems, including Shopify, WordPress, Zapier and Stripe. In the past 18 months, Sendinblue has acquired five companies—Chatra, MeetFox, PushOwl, Yodel.io, and Metrilo, and will announce more in 2023—and aims to be a one-stop shop for businesses to engage with. communicating with their customers throughout the customer journey.
“Over the past ten years, Sendinblue is very proud to have reached this milestone, especially in the current economic crisis. We understand that our customers prioritize the stability of our technical partners and we want to thank them for their unwavering trust and support over the past decade,” shares Armand Thiberge. , founder and CEO of Sendinblue. “The goals of our next chapter are to achieve 10X growth by 2030 and focus on strengthening our business in the US and addressing the growing need for large organizations to use low-cost but powerful marketing and CRM solutions in the middle of the market. segment. Funds for the global market The total of CRM tools was valued at $51.5 billion in 2021 and we are confident that Sendinblue will take a large market share in the US to accelerate economic growth due to the simplicity of our end-to-end solution and our seamless integration with other platforms.”
Although the goal of $ 1B in ARR is high, market indicators show that growth shows no signs of slowing down because it is driven by the constant need of customers to find the right sales and CRM tools to manage and grow their business. According to Vantage Market ResearchThe size of the Global Customer Relationship Management Market is expected to reach $106.6 Billion by 2028.
“Bridgepoint is pleased to invest in Sendinblue because the fulfillment of the Centaur mandate shows continued growth, a reliable management team, and all market indicators point to the prospect of future growth,” shares Thomas Moussallieh, Partner at BDC Paris.
In addition to acquiring the Centaur role, Sendinblue has made a number of notable achievements:
- Over 500,000 customers (20% YoY)
- More than 700 employees (30% YoY)
- They opened 7 offices in Paris, Noida, Berlin, Toronto, Seattle, Sofia, and Bangalore
- Award wins include Top 100 Software Company by The Software Report (TSR), MarTech Breakthrough Award: Best Overall Marketing Automation Platform in 2022, G2: Leader Winter 2022, Leader Enterprise Winter 2022, Best Results Mid-Market 2022, Best Software Awards: Top 50 Products, Best Software Awards: Top 100 Fastest Growing Apps
- Expanding the C-suite with key hires Yvan Saule as Chief Technology Officer, Laure Rudelle Arnaud as Chief People and Impact Officer, and Olivier Legrand as Chief Operating Officer.
- Sustainable financial growth (60% CAGR) and maintaining good EBITDA
