Braze

Customer engagement platform for leading brands. We unite data, technology, and teams to create brilliant messaging experiences.

Launch date

2011

Employees

1001-5000 people

Market cap

Enterprise valuation

AUD4.8b (Public information from Sep 2024)

New York City New York (HQ)

http://www.braze.com/

https://twitter.com/braze https://www.linkedin.com/company/braze-/https://apps.apple.com/app/id1483407418

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Revenues, earnings & profits over time

USD	2021	2022	2023	2024	2025	2026	2027
Revenues	150m	238m	355m	472m	580m	700m	857m
% growth	56 %	58 %	49 %	33 %	23 %	21 %	22 %
EBITDA	(29.5m)	(75.6m)	(144m)	(138m)	(10.6m)	26.2m	77.2m
% EBITDA margin	(20 %)	(32 %)	(40 %)	(29 %)	(2 %)	4 %	9 %
Profit	(31.8m)	(76.7m)	(139m)	(129m)	(128m)	(117m)	(77.0m)
% profit margin	(21 %)	(32 %)	(39 %)	(27 %)	(22 %)	(17 %)	(9 %)
EV / revenue	-	17.2x	8.6x	10.4x	7.0x	5.8x	4.5x
EV / EBITDA	-	-54.1x	-21.3x	-35.7x	-384.3x	153.6x	50.5x
R&D budget	29.2m	59.0m	97.3m	120m	-	-	-
R&D % of revenue	19 %	25 %	27 %	25 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
-	Citi Ventures Sapphire Ventures Omega Venture Partners Runway Venture Partners Shasta Ventures ICONIQ Growth	N/A	-
Nov 2011	Blumberg Capital	$1.0m	Seed
Mar 2012	N/A	$1.5m	Seed
Jan 2013	N/A	N/A	-
Jul 2013	Blumberg Capital Accelerator Ventures Bullpen Capital Rally Ventures Compound T5 Capital Ridge Ventures Supernode Ventures	$7.6m	Series A
Nov 2013	Rally Ventures	$7.6m	Series A
Oct 2014	InterWest Partners	$15.0m	Series B
May 2016	Battery Ventures	$20.0m	Series C
Aug 2017	Blumberg Capital ICONIQ Capital InterWest Partners Rally Ventures T5 Capital Ridge Ventures	$50.0m	Series D
Oct 2018*	Spark Capital Meritech Capital Partners Cross Creek Advisors	$80.0m Valuation: $850m 26.5x EV/LTM Revenues	Series E
Nov 2021*	N/A	$520m Valuation: $5.9b 60.9x EV/LTM Revenues -178.5x EV/LTM EBITDA	IPO
Jun 2023*	Snowflake	N/A	-
Total Funding		AUD282m

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by Braze Mar 2023