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.
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The stock price for Klaviyo will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
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Klaviyo is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Klaviyo is a growth marketing platform that helps users deliver more personalized experiences across owned marketing channels like email, SMS, in-app notifications, and web.
Klaviyo has a close partnership with Shopify, and Shopify merchants and other ecommerce companies use Klaviyo for data-driven marketing.
Klaviyo is an ecommerce B2B CRM.