Braze revenue hit $223M in 2023

Braze generates revenue from 1000 customers


How did Latka collect this data?

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Latka collected this data by interviewing Braze CEO Bill Magnuson on Dec 12, 2018

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Braze

Braze

330 W 34th Street, 18th Floor, New York, New York, 10018, United States

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How Braze hit $223M revenue and 1K customers in 2021.

Braze Inc. is a customer engagement platform company based in New York, United States. Braze offers a platform that allows businesses to create and manage personalized messaging campaigns across multiple channels, including email, push notifications, SMS, and social media. The platform uses advanced analytics and AI-powered technology to help businesses understand their customers' behavior and preferences, and deliver targeted and relevant messaging that increases customer engagement and loyalty. Braze's platform also includes features such as customer segmentation, A/B testing, and campaign automation that help businesses optimize their messaging strategy.

Founded

2011

Founded

Revenue

$223M

2021 Revenue

YOY
123%

YOY

Funding

$175.1M

Funding


Braze Revenue

In 2021, Braze revenue run rate hit $223M in revenue.

  • 2021

    Braze hit $223M in revenue in 2021

  • 2021

    Braze hit $200M in revenue in 2021

  • 2020

    Braze hit $100M in revenue in 2020

  • 2018

    Braze hit $60M in revenue in 2018

  • 2011

    Braze launched in 2011 with $0 revenue


Braze Funding History

  • 2018 Series E

    Braze raised a Series E of $80M at a $770M valuation in October, 2018

  • 2017 Series D

    Braze raised a Series D of $0 in September, 2017

  • 2017 Series D

    Braze raised a Series D of $50M in August, 2017

  • 2016 Series C

    Braze raised a Series C of $0 in May, 2016

  • 2016 Series C

    Braze raised a Series C of $20M in May, 2016

  • 2014 Series B

    Braze raised a Series B of $15M in October, 2014

  • 2013 Series A

    Braze raised a Series A of $7.6M in November, 2013

  • 2013 Non Equity Assistance

    Braze raised a Non Equity Assistance of $0 in January, 2013

  • 2012 Seed Round

    Braze raised a Seed Round of $1.5M in March, 2012

  • 2011 Seed Round

    Braze raised a Seed Round of $1M in November, 2011

FUNDING DATE ROUND AMOUNT VALUATION
October, 03 2018 Series E $80M $770M
September, 19 2017 Series D $0 -
August, 03 2017 Series D $50M -
May, 30 2016 Series C $0 -
May, 04 2016 Series C $20M -
October, 02 2014 Series B $15M -
November, 06 2013 Series A $7.6M -
January, 01 2013 Non Equity Assistance $0 -
March, 26 2012 Seed Round $1.5M -
November, 23 2011 Seed Round $1M -

Team

Braze has 1,580 total employees and 138 sales reps that carry a quota. They have 1,000 customers an engineering team of 93 and a marketing team of 34.

DISTRIBUTION QTY
Total team size
1.6K
Engineer
93(6%)
Sales
138(9%)
Marketing
34(2%)

Founder / CEO

Bill Magnuson

As CEO and Cofounder of Braze (formerly Appboy), Bill is humanizing connections between brands and customers at a global scale. By streamlining customers' past, present, and future data in an interactive feedback loop, Braze allows brands to take immediate actions on insights – creating personalized messaging experiences.

Q&A

What's your age?

31

Favorite online tool?

Greenhouse

Favorite book?

Hard thing about hard things, ,Chrossing the Chasm

Favorite CEO?

-

Advice for 20 year old self

ENjoy the journey!


Customers

Braze has 1K customers.

Lifetime Months

240

x

Monthly ARPU

$18.6K

=

Lifetime Dollar

$2M

Acquisition Cost

$130K

Average Annual Price

$223K


Churn

Braze has an annual churn rate of 5%.

Gross Annual Dollar Churn

-5%

Annual Dollar Expansion

35%

Net Revenue Retention

130%


Braze Executives

Name Position Working Email Personal Email
Bill Magnuson CEO - -

Braze Employees

Name Position Working Email Personal Email
Bill Magnuson CEO - -

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Frequently Asked Questions about Braze

When was Braze founded?

Braze was founded in 2011.

How much revenue does Braze generate?

Braze generates $223M in revenue.

Who is the CEO of Braze?

The CEO of Braze is Bill Magnuson.

How much funding does Braze have?

Braze raised $175.1M.

How many employees does Braze have?

Braze has 1.6K employees.

Where is Braze headquarters?

Braze is headquartered at 330 W 34th Street, 18th Floor, New York, New York, 10018, United States