SendGrid

SendGrid is a cloud-based email delivery platform. The platfrom 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.
Company Growth (employees)
Type
Public
HQ
Denver, US
Founded
2009
Size (employees)
408 (est)+7%
SendGrid was founded in 2009 and is headquartered in Denver, US

Key People/Management at SendGrid

Sameer Dholakia

Sameer Dholakia

Chief Executive Officer
Scott Heimes

Scott Heimes

Chief Marketing Officer
Michael Tognetti

Michael Tognetti

General Counsel, SVP
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

SendGrid Office Locations

SendGrid has offices in Denver, Orange, Redwood city and London
Denver, US (HQ)
500 1801 California St
Orange, US
814 W Chapman Ave
Redwood city, US
401 Warren St
London, GB
41 Corsham St
Show all (4)

SendGrid Financials and Metrics

SendGrid Financials

SendGrid's revenue was reported to be $79.9 m in FY, 2016
USD

Revenue (Q3, 2017)

28.3 m

Gross profit (Q3, 2017)

20.7 m

Gross profit margin (Q3, 2017), %

73%

Net income (Q3, 2017)

(1.6 m)

EBIT (Q3, 2017)

(1.6 m)

Cash (30-Sep-2017)

37.4 m
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
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%
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
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
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 Receivable

(664 k)(963 k)(1.3 m)

Accounts Payable

523 k1.1 m2.8 m
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 Receivable

(796 k)(261 k)(803 k)(458 k)

Accounts Payable

1.6 m1.3 m2.1 m4.3 m
USDY, 2017

Revenue/Employee

66.3 k

Debt/Equity

-0.4 x

Debt/Assets

0.2 x

Financial Leverage

-2 x
Show all financial metrics

SendGrid Operating Metrics

SendGrid's Active Customers was reported to be 120 k in Nov, 2016. SendGrid's Customers was reported to be 58.2 k in Q3, 2017
FY, 2014FY, 2015Q2, 2016Q3, 2016Nov, 2016FY, 2016Q2, 2017Q3, 2017

Customers

28.5 k33.4 k40 k42.7 k42 k45.9 k55.2 k58.2 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
Show all operating metrics

SendGrid Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
BizzyMarch 07, 2017
Message BusJune 10, 2015

SendGrid Revenue Breakdown

SendGrid's employees are reported to be approximately 32% female and 68% male.
Show all human capital metrics

SendGrid's Web-traffic and Trends

SendGrid Online and Social Media Presence

SendGrid News and Updates

Alpin nabs $1 mln in Rockies Venture Club-led round

Boulder, Colorado-based Alpin, a provider of SaaS monitoring and management tools for IT administrators, has raised $1 million in funding. Rockies Venture Club led the round with participation from other backers that included Nebraska Angels, Plains Angels, Keiretsu Capital and Techstars.

PE HUB First Read

First Read kicks off the day with news that Mattel has reportedly rejected Hasbro's takeover bid, email marketer SendGrid soars 13 pct in IPO debut and Uber rider in California sues company for failing to protector her from driver who allegedly raped her.

Email marketer SendGrid up 13% following IPO

 Marketing email company SendGrid had a decent first day on the New York Stock Exchange on Wednesday. After pricing shares at $16, the company closed at $18.03, or up almost 13%. The Denver-based company had raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.…

SendGrid Company Life and Culture

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