BloomReach was founded in 2009 by Raj De Datta and Ashutosh Garg. When asked about an IPO, CEO De Datta said "I wouldn't say we have a timeline, but our goal is that the company over the course of 2021 should make investments towards that, so that [an IPO] is an option for us." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Bloomreach is a platform that allows brands to develop flexible and custom e-commerce solutions with an emphasis on search capabilities. The company reports to serve "over 850 global brands including Albertsons, Bosch, Puma, FC Bayern München, and Marks & Spencer." The company has made a total of 3 acquisitions, most recently of Exponea, a marketing automation platform that increased Bloomreach's total number of employees by two thirds. A $175 million funding round in 2022 brought the company's total funding to around $420 million. The latest round was led by Goldman Sachs Asset Management and included Bain Capital Ventures and Sixth Street Growth. Between 2021 and 2022, Bloomreach nearly doubled its post-money valuation, most recently being valued at $2.2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/23/2022 | Series F | $175MM | $xx.xx | $220.04B | Bain Capital Ventures, Goldman Sachs, Sixth Street Growth | |
Price per Share
$xx.xx
Shares Outstanding
6,437,394
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Goldman Sachs, Sixth Street Growth
|
||||||
01/26/2021 | Series E | $150MM | $xx.xx | $90B | Sixth Street Growth | |
Price per Share
$xx.xx
Shares Outstanding
11,655,010
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sixth Street Growth
|
||||||
01/29/2016 | Series D | $65.51MM | $xx.xx | $50.94B | Bain Capital Ventures, Battery Ventures, Lightspeed Ventures, New Enterprise Associates, Salesforce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,100,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Battery Ventures, Lightspeed Ventures, New Enterprise Associates, Salesforce Ventures
|
||||||
10/18/2012 | Series C | $34.8MM | $xx.xx | $37.17B | Bain Capital Ventures, Lightspeed India Partners Advisors, Lightspeed Venture Partners, New Enterprise Associates | |
Price per Share
$xx.xx
Shares Outstanding
3,245,097
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Lightspeed India Partners Advisors, Lightspeed Venture Partners, New Enterprise Associates
|
||||||
09/29/2010 | Series B | $13.5MM | $xx.xx | $6.92B | Bain Capital Ventures, Lightspeed Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
6,536,726
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures, Lightspeed Venture Partners
|
||||||
02/23/2009 | Series A | $5.28MM | $xx.xx | $1.17B | Bain Capital Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,217,918
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bain Capital Ventures
|