
Sendlane
Turning online shoppers into loyal, lifetime customers with email and SMS marketing.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
$4.2m | Series C | ||
Total Funding | 000k |
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | 76 % | 38 % | - |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Sendlane operates as a marketing automation platform developed specifically for the eCommerce sector, providing tools to enhance customer retention and revenue generation. The company was founded in 2013 by Jimmy Kim, Zakariah Meftah, and Anik Singal, a trio of digital marketers who initially built the platform to address the shortcomings they experienced with existing email service providers. With a combined 35 years of experience in digital marketing, they sought to create a flexible and functional solution tailored to the needs of online businesses. The platform was originally an internal tool, but due to external interest, it was launched to the public in 2015.
The company’s business model is subscription-based, with pricing determined by the volume of emails and SMS messages sent, allowing clients to pay for what they use. Sendlane targets direct-to-consumer (DTC) brands and eCommerce merchants, helping them unify their marketing efforts across multiple channels. A significant milestone was the decision in 2017 to focus entirely on Sendlane as their primary business. In 2019, the company pivoted to specialize in the eCommerce market after analyzing customer data, which led to a complete rebuild of the platform. This was followed by a $2 million seed investment from Zing Capital in December 2018 and a $20 million Series A round led by Five Elms Capital in July 2021, which fueled further technological advancements and market expansion.
Sendlane's platform unifies email marketing, SMS, reviews, and forms into a single system. Key features include behavior-based marketing automation, which allows for personalized communication triggered by customer actions like website visits or abandoned carts. The multivariable segmentation feature enables clients to create highly targeted customer groups based on criteria such as purchase history, website activity, and customer lifetime value. The platform also offers real-time analytics, A/B testing, and deep-data integrations with major eCommerce platforms like Shopify, BigCommerce, and WooCommerce. A distinct feature is the Sendlane Beacon, which tracks customer behavior across their entire journey, enabling highly personalized, real-time engagement.
Keywords: marketing automation, eCommerce, email marketing, SMS marketing, customer retention, behavioral marketing, deep-data integration, segmentation, direct-to-consumer, revenue generation