Wellington Financial Provides US$10 Million Financing to SparkPost
The news is out about our US$10 million growth capital financing for SparkPost, but I thought I should post it here just in case you’d missed it. San Francisco-based Sparkpost is the most “performant” cloud email delivery service available, and if you’re like me, you get a few emails each and every day. Now you know which firm is behind at least some of them.
SparkPost is a high-growth, integral cloud email delivery service that numerous industry-leading companies rely on for their mission critical communication needs. As the highest performing cloud email delivery service available, SparkPost has been chosen by more than 15,000 active customers ranging from small startups to major technology companies including Pinterest, LinkedIn, Twitter, Groupon, Marketo, Zillow, CareerBuilder, ZipRecruiter, the Financial Times and Comcast to provide the deliverability, speed and insight needed to drive customer engagement. SparkPost is trusted to send more than 25 percent of the world’s legitimate emails by its customers, totaling over 3 trillion messages per year, and is increasing that volume by more than 1 billion per month, making it the fastest-growing cloud email service provider on the market. The company’s existing investors include LLR Equity Partners and NewSpring Capital.
“Today we are the only full-featured cloud email delivery service built 100 percent for the modern cloud on AWS. As a result we can focus on refining the world’s best email delivery platform instead of building and running datacenters,” said Phillip Merrick, Chief Executive Officer at SparkPost. “It’s terrific validation to see this confidence in our business from Wellington Financial and it’s a testament to the strong fundamentals of our business and our position in the market.’
This financing isn’t the last we’ll close in 2016, which looks to be our most active in our 16 year history.
Welcome to Phillip and his team.