LLR Partners and NewSpring Capital Invest $180M in SparkPost
January 27, 2021
SparkPost, a leading enterprise email delivery and analytics platform, secured a $180 million strategic growth investment from LLR Partners, NewSpring Capital and PNC Bank to fund product innovation and expansion. The financing is intended to accelerate SparkPost's next phase of growth as enterprises increasingly rely on email for customer engagement and commerce.
- Buyers
- LLR Partners, NewSpring Capital, PNC Bank
- Targets
- SparkPost
- Industry
- Cloud & SaaS
- Location
- Maryland, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
MessageBird Acquires SparkPost for $600M
April 28, 2021
Cloud & SaaS
MessageBird has entered into definitive documentation to acquire US-based SparkPost for $600 million, a deal intended to add industry-leading email sending and deliverability capabilities to MessageBird's omnichannel platform and expand its presence in the United States. The transaction was announced alongside an extension of MessageBird's Series C financing (bringing the round to ~$1B) backed by investors including Eurazeo, Tiger Global, Owl Rock and BlackRock.
-
NewSpring Growth Invests in Bespoke Post
October 28, 2021
E-Commerce
NewSpring Growth, the growth strategy of private investment firm NewSpring, made a growth equity investment in New York-based direct-to-consumer e-commerce company Bespoke Post to fuel rapid expansion. The capital will be used to accelerate member growth, invest in data science capabilities, and pursue retail partnerships to broaden distribution.
-
LLR Partners Invests $30M Growth Capital in Relay Network
December 4, 2019
Cloud & SaaS
LLR Partners provided a $30 million growth capital investment in Relay Network to accelerate development of its personalized mobile customer engagement platform and expand growth across healthcare, financial services and home services. Relay Network will use the proceeds to advance its product innovation and scale its enterprise customer base.
-
Summit Partners and Klaviyo Founders Make Strategic Investment in PostPilot
June 5, 2024
Marketing & Advertising
PostPilot, a programmatic direct-mail marketing platform, received a strategic growth investment led by Summit Partners with participation from Klaviyo founders Andrew Bialecki and Ed Hallen. The funding will be used to accelerate hiring, expand internationally, and continue development of PostPilot's data-driven direct-mail targeting and execution capabilities.
-
LLR Partners Invests in Corestream
September 30, 2019
Cloud & SaaS
LLR Partners made a growth investment in Corestream to accelerate adoption of Corestream’s voluntary benefits SaaS platform among Fortune 500 employers and to fund continued product innovation. Corestream will continue to be led by co-founder and CEO Neil Vaswani and currently serves over 1.5 million employees through integrations with carriers, brokers and employers.
-
New Capital Partners Makes Growth Investment in LoyaltyExpress
June 28, 2017
Cloud & SaaS
Private equity firm New Capital Partners has made a growth investment in LoyaltyExpress, a Woburn, Massachusetts-based provider of marketing automation and cloud-based CRM solutions for banks and mortgage companies. The capital will be used to accelerate product innovation, expand MarketingCentral and Salesforce offerings, and hire additional staff to support growth.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.