Klaviyo was founded in 2012 by Andrew Bialecki and Ed Hallen. In April 2023, news outlets reported that the company had hired Goldman Sachs to underwrite a public listing that could take place before the end of the year. At the time of the reports, Klaviyo did not comment.
Klaviyo is a customer engagement platform that collects data and uses it to craft personalized email and SMS marketing messages. The data that Klaviyo collects stays internal, eliminating concerns about third-party data access. As e-commerce adoption continued to expand rapidly throughout 2020, the company doubled its customer base across its free and subscription-based service options. Klaviyo has raised $775 million in venture capital funding from Sands Capital, Owl Rock Capital, Morgan Stanley, Lone Pine Capital, Accel, and Summit Partners. A $320 million Series D round doubled the company's valuation to $9.5 billion as of May 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.