Bessemer Leads $21M Round In Cloud-Based Email Delivery And Management Service SendGrid

SendGrid, an email delivery and management service, has raised $21 million in Series B funding led by Bessemer Venture Partners. Existing investors Foundry Group, Highway 12 Ventures, SoftTechVC, 500 Startups and Bullet Time Ventures also participated in the round. This brings the company's total funding to $26 million. SendGrid, which was incubated in TechStars and has raised $5 million in funding, offers businesses a way to manage transactional emails (emails generated by web applications). SendGrid?s cloud-based SMTP platform provides a secure and scalable infrastructure that solves core transactional email deliverability issues, allowing companies to outsource these challenges and remain organized.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/QZSegjrvvOk/

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