MailJet, which is an email marketing platform, has just confirmed that they have received $11 Million in Series B funding from investors including Iris Capital (which was the lead investor), Alven Capital and Seventure. The money is going to be used to expand their footprint into North America, Southern Europe and the Nordic States as well as working to expand their marketing and transactional email tools that are offered to clients.
The company has already been growing well over the past several years, so this infusion of capital should help them to continue on that path. While they have not specifically said it, it seems likely that their goal is to become a major competitor with aWeber. Of course, they will have a long way to go to accomplish that goal, but this money will certainly help.
The CEO of the company, Alexis Renard said, “Email is a consistent channel of communication that everyone uses and we’re only just seeing its evolution into an even more personalized, customer driven medium. We’re looking forward to being a part of this evolution and to continue building out the Mailjet brand into a global force.”
The company earned this large investment based on some nice performance in recent months and years. They currently boast 32,000 active customers in 150 countries, 75% customer growth in the past year and more than 15 billion emails sent through their system.
Congrats to Renard and his team at MailJet on securing this funding. It will be very fun to watch what they are able to do with it in the coming year.