# Braze

> Publicly traded real-time customer engagement platform spanning mobile, email and web; proposed Salesforce acquisition announced October 2026.

## Why it is interesting

A New York martech startup that raised an $80M Series E at an $850M valuation in 2018, listed publicly in 2021 and agreed to a Salesforce acquisition valuing the enterprise at about $5.66B in October 2026. The deal remains pending.

## Profile

- **Latest funding:** Series E — $80M (October 2018)
- **Latest known valuation:** $850M post-money (October 2018)
- **Total disclosed equity funding:** $150M
- **Stage:** public
- **Status:** public
- **Industries:** enterprise-saas, ai-ml
- **Coverage:** full
- **Last updated:** 2026-10-26
- **Latest funding investors:** Meritech Capital Partners, Spark Capital, Cross Creek, Battery Ventures, ICONIQ

## Key facts

- October 20, 2026: Salesforce announces definitive agreement to acquire Braze for approximately $5.66B enterprise value; $47.50 per share cash; NOT YET CLOSED
- Quarter ended July 31, 2026: $227.2M revenue, +26.2% YoY; $21.7M free cash flow
- 2018 Series E: $80M, led by Meritech Capital, at $850M post-money valuation
- November 2021: $65-per-share Nasdaq IPO under BRZE
- Founded as Appboy in 2011; renamed Braze in 2017

## Funding history

- Proposed acquisition announced (not closed) · ~$5.66B enterprise value · October 2026
  Source: https://www.salesforce.com/news/press-releases/2026/10/20/salesforce-signs-definitive-agreement-to-acquire-braze/
- IPO (NASDAQ: BRZE) · November 2021
  Source: https://investors.braze.com/news/news-details/2021/Braze-Announces-Closing-of-Initial-Public-Offering/default.aspx
- Series E · $80M · October 2018
  Source: https://www.braze.com/press-releases/braze-raises-80-million-in-latest-funding-round-more-than-doubling-valuation-to-850-million
- Series D · $50M · August 2017
  Source: https://www.braze.com/press-releases/braze-raises-80-million-in-latest-funding-round-more-than-doubling-valuation-to-850-million
- Series C · $20M · May 2016
  Source: https://www.braze.com/resources/articles/new-chapter-for-appboy

## Investors in our directory

- https://venturecapitaltracker.com/fund/meritech-capital
- https://venturecapitaltracker.com/fund/spark-capital
- https://venturecapitaltracker.com/fund/battery-ventures

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 26, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/braze