SendGrid is a cloud-based customer communication platform that drives engagement and business growth. The platform makes it effortless for developers and marketers to craft, segment, test, and successfully deliver all of their emails, no matter the use case: purchase confirmations, password reset instructions, an upcoming sale, or a nurture campaign.
TypePublic
HQDenver, US
Founded2009
Size (employees)408 (est)
Websitesendgrid.com
SendGrid was founded in 2009 and is headquartered in Denver, US
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Key People/Management at SendGrid

Sameer Dholakia

Sameer Dholakia

CEO
Pattie Money

Pattie Money

Chief People Operations Officer
Leandra Fishman

Leandra Fishman

SVP of Sales and Customer Success
Craig Kaes

Craig Kaes

SVP of Engineering
Michael Tognetti

Michael Tognetti

General Counsel, SVP
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SendGrid Office Locations

SendGrid has offices in Redwood city, Denver, London and Orange
Denver, US (HQ)
500 1801 California St
Orange, US
814 W Chapman Ave
Redwood city, US
401 Warren St
London, GB
41 Corsham St
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SendGrid Financials and Metrics

SendGrid Revenue

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SendGrid's revenue was reported to be $79.93 m in FY, 2016 which is a 36.7% increase from the previous period.
USD

Revenue (Q3, 2017)

28.3 m

Gross profit (Q3, 2017)

20.7 m

Gross profit margin (Q3, 2017), %

73.1%

Net income (Q3, 2017)

(1.6 m)

EBIT (Q3, 2017)

(1.6 m)

Market capitalization (14-Sep-2018)

1.7 b

Closing stock price (14-Sep-2018)

36.2

Cash (30-Sep-2017)

37.4 m

EV

1.7 b
SendGrid's current market capitalization is $1.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

42.8 m58.5 m79.9 m

Revenue growth, %

37%37%

Cost of goods sold

15.2 m19 m21.6 m

Gross profit

27.6 m39.5 m58.3 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.9 m14.1 m15 m16.5 m17.1 m19 m20.7 m23.1 m24.8 m27 m28.3 m

Cost of goods sold

4.3 m4.5 m4.9 m5.3 m5.2 m5.4 m5.4 m5.6 m6.5 m7.3 m7.6 m

Gross profit

8.6 m9.6 m10.1 m11.2 m11.9 m13.7 m15.3 m17.5 m18.4 m19.7 m20.7 m

Gross profit Margin, %

67%68%67%68%69%72%74%76%74%73%73%
Annual
USDFY, 2015FY, 2016

Cash

9.3 m40.4 m

Accounts Receivable

2.6 m4.1 m

Prepaid Expenses

1.7 m2.6 m

Current Assets

14 m47.2 m
Quarterly
USDQ2, 2017Q3, 2017

Cash

37.6 m37.4 m

Accounts Receivable

4.7 m6.7 m

Prepaid Expenses

3 m5.4 m

Current Assets

45.4 m49.5 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(13 m)(5.9 m)(3.9 m)

Depreciation and Amortization

2.9 m5.5 m6.9 m

Accounts Payable

523 k1.1 m2.8 m

Cash From Operating Activities

(9.6 m)1.2 m9.7 m
Quarterly
USDQ2, 2016Q3, 2016Q2, 2017Q3, 2017

Net Income

(3.5 m)(3.5 m)(3.1 m)(4.7 m)

Depreciation and Amortization

3.4 m5.1 m4.6 m7 m

Accounts Payable

1.6 m1.3 m2.1 m4.3 m

Cash From Operating Activities

2.4 m7.1 m5.1 m10.1 m
USDY, 2017

EV/EBIT

-1 k x

EV/CFO

163.7 x

Revenue/Employee

66.3 k

Debt/Equity

-0.4 x

Debt/Assets

0.2 x

Financial Leverage

-2 x

P/E Ratio

(60.4 )
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SendGrid Operating Metrics

SendGrid's Customers was reported to be 58.2 k in Q3, 2017.
FY, 2014FY, 2015Q2, 2016Q3, 2016Nov, 2016FY, 2016Q2, 2017Q3, 2017

Customers

28.50 k33.40 k40 k42.70 k42 k45.90 k55.20 k58.20 k

Emails Processed (for the Period Ended)

161 b233 b149 b237 b338 b210 b325 b

Retention Rate

116%112%110%110%111%117%116%

Emails Processed per Month

30 b35 b36 b
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SendGrid Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Bizzy March 07, 2017
Message Bus June 10, 2015

SendGrid Revenue Breakdown

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SendGrid revenue breakdown by geographic segment: 37.0% from International and 63.0% from United States

Human Capital Metrics

SendGrid's employees are reported to be approximately 31% female and 69% male.
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SendGrid Online and Social Media Presence

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SendGrid News and Updates

SendGrid's stock rallies as earnings, outlook beat Street view

SendGrid Inc. shares rallied in the extended session Tuesday after the cloud-based marketing email delivery company's earnings and outlook topped Wall Street estimates. SendGrid shares surged 7.7% after hours. The company reported a second-quarter loss of $310,000, or a penny a share, compared with…

Is Your Startup Ready for an IPO? 3 Tips for the Public Markets

How SendGrid became the first startup accelerator graduate to ring the bell.

Elon Musk Says Great Leaders Focus on This 1 Thing Before Everything Else

Without a strong foundation, leaders and their companies could crumble.

Denver companies launch Pivot to Colorado campaign targeting Silicon Valley talent

Tech companies in the U.S. heartland are stepping up their efforts to convince tech talent to leave the Bay Area — and parroting some Silicon Valley lingo to do so. On Monday, a group of 10 Colorado tech companies announced the formation of the Colorado Technology Recruiting Coalition, with the goal…
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SendGrid Company Life and Culture

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