Sendoso, a B2B gifting platform, recently announced that it has secured $100 million in a Series C funding round led by SoftBank Vision Fund 2.
This investment from one of the world’s largest tech investors positions Sendoso to accelerate its global expansion and fuel its product innovation.
We will dive into what this latest investment means for Sendoso and how it will help them expand their reach in the coming months.
Sendoso Secures $100 Million Series C led by SoftBank Vision Fund 2 to Accelerate Global Expansion
Sendoso is a San Francisco-based technology company that provides ‘sourcing, fulfillment and delivery’ services of physical goods for email campaigns, sales engagement and event management. Their mission is to make it faster, easier and cheaper for companies to increase customer engagement levels. The range of products they can provide includes everything from handwritten notes and corporate swag to custom merchandise.
Sendoso recently announced a significant funding round led by SoftBank Vision Fund 2 (SBVF2). This new capital injection will enable Sendoso’s further expansion of the platform as they focus on improving the customer experience, accelerate developing markets in North America and Europe, and build out their enterprise product offerings.
This investment marks an exciting step forward in the evolution of Sendoso as a fast-growing business in an ever-evolving industry which is looking to capitalize on changing customer habits and attitudes towards physical goods.
Overview of SoftBank Vision Fund 2
SoftBank Vision Fund 2 (SBVF2) is an investment fund launched by SoftBank Group in 2019. The fund seeks to invest capital and knowledge into innovative companies and technologies, generating attractive returns from positive change and progress. SBVF2 initial target fund size is approximately USD108 billion, with limited partners such as the Government of Kazakhstan, Microsoft Corporation (MSFT), Apple Inc. (AAPL), and Standard Chartered PLC (STAN). The fund will be managed by a global team, with offices in Tokyo, London, San Francisco, Singapore, and Mumbai.
SBVF2’s investments span multiple industries and geographies that empower entrepreneurs to create solutions for the future. Their portfolio investments include a range of start-ups that are developing cutting-edge technologies such as artificial intelligence and machine learning applications, robotics solutions for industrial tasks automation & transportation services; semiconductor platform solutions; digitalisation of enterprise workflow systems; digital financial/mobile payment services; cybersecurity platforms; as well as other new businesses like property management & automobile ridesharing .
SBVF2 works with these entrepreneurs to empower them to unlock value within their portfolios and build sustainable companies for the long term. The goal is to create opportunities for sustainable growth through investments that drive positive change in industry ecosystems.
Sendoso Secures $100 Million Series C
Sendoso, a leading provider of branded experiences and digital gifting, recently announced that it has secured a $100 million Series C funding round led by SoftBank Vision Fund 2.
This will help accelerate the company’s global expansion and set the stage for Sendoso to become the premier enterprise gifting and experiences platform. In addition, this investment will bring new opportunities for Sendoso to further expand it’s services.
Details of the investment
SoftBank Vision Fund 2’s investment in Sendoso is a huge development for Sendoso, the industry-leading sending platform. Understandably, many questions have arisen about the details of this transaction and what it means for both SoftBank and Sendoso.
SoftBank Vision Fund 2 is investing a total of $100 million into the Series C funding round, accelerating the growth of Sendoso’s sending platform, helping them expand their reach further into the global market. This investment brings total Series C funding to an impressive $135 million.
The increased funds will allow Sendoso to expand its sales and marketing operations by building a leaner and more efficient go-to-market strategy. The funding will also be used to develop new capabilities that better serve customers looking for more convenience when ordering items to be sent out via their platforms. This includes expanding virtual assistance and automated services such as intelligent tracking and analytics. Additionally, these new funds will be key in driving customer acquisition efforts by targeting enterprise accounts across different verticals and building internal customer success teams that provide excellent customer experience driven by data science insights.
Sendoso’s product roadmap will now include more merchandise offerings for sends such as food, apparel, technology products and experiences – all thanks to this generous source of capital from Softbank Vision Fund 2’s investment backing!
Impact of the investment
The recent announcement that Sendoso has secured a $100 million Series C investment from SoftBank Vision Fund 2 has created quite a buzz in the market. This investment has boosted Sendoso’s total funding to $155 million since its founding in 2016.
Sendoso is an automated platform that makes sending physical items such as pens, gift cards, and even fresh flowers as part of promotional campaigns or token gifts is easy. The new funding will enable Sendoso to expand its customer base and provide more comprehensive services and features.
This investment is expected to significantly impact the success of both Sendoso and its customers. With this new capital, Sendoso will be able to improve their technology infrastructure and hire more employees who can help them better meet customers’ ever-changing needs. Customers can benefit from improved services, better transit times for sending physical items, increased scalability for large, complex gift campaigns, and more customized product offerings and support options. This new round of capital will also provide an additional competitive edge regarding industry positioning.
In summary, the Series C investment from SoftBank Vision Fund 2 signals not just a sign of confidence in Sendoso’s current capabilities but also unlocks enormous potential growth opportunities through increased infrastructure investments, hiring talent and providing industry leading services and features that can help clients save time while creating remarkable experiences for their customers.
Sendoso’s Global Expansion Plans
Sendoso recently secured a $100 million Series C led by SoftBank Vision Fund 2 to accelerate their global expansion. This capital injection will help Sendoso expand into new markets and expand their network of customers and partners. This investment is evidence of the promising future for Sendoso and bold ambitions for growth.
Let’s examine how this capital injection will help Sendoso with their global expansion plans.
Expansion into new markets
Global expansion has presented a key opportunity for Sendoso, allowing the company to broaden its global customer base. With investments from SoftBank Vision Fund 2, Sendoso has an additional source of capital to invest in their international expansion plans. This will give them greater access to new growth opportunities and markets they could not have achieved independently.
Sendoso plans to use this investment to launch into new international markets, including Europe, Asia and Australia. This move is part of the company’s strategy to become a global leader in B2B gifting and rewards programs. By bringing its services to more locations worldwide, Sendoso will be able to better serve customers outside of North America or who have operations in multiple countries.
The expansion will also provide the company insight into several different cultures and customer needs that can help shape the product offering moving forward. As it enters these new markets, Sendoso hopes to grow its user base and unlock long-term potential for partnerships and other strategic opportunities.
Expansion of product offerings
Sendoso’s recent investment from SoftBank Vision Fund 2 opens up many opportunities for greater product expansion and increased geographic presence in the company’s mission to become the leading experiential gifting provider. With this announcement, Sendoso can now expand its product breadth to include large-scale gifting technology solutions such as multi-location onsite activations with multi-dimensional experiences tailored to each individual and complete campaigns that span all stages of the customer lifecycle.
Going forward, these product offerings are intended to build upon and replace existing offerings to effectively address customer demand, while also providing customers with an even higher level of personalization and automation. In addition, new partnerships with technology providers such as IBM Watson allow Sendoso to strengthen its current platform by leveraging AI/ML models and cutting-edge analytics tools to drive greater insights from customer data sets and increase performance across all areas of its business.
The global nature of the fund’s support provides access to new markets for Sendoso services outside of their current bases in Silicon Valley, Colorado, London ® ,Tokyo® , Autralia & reg; , India ® , Singapore & reg; etc.. This allows users worldwide to benefit from a much wider array of gifting options and higher quality experiences that take advantage of cutting-edge technologies.
As a result it will enable them not just increase their current footprint but also reach out further into new corners globally with ease which will help them reach out more customers with different needs fulfilling their mission on larger scale.
Benefits of the Investment
Sendoso recently announced that it raised $100 million in its Series C round, led by SoftBank Vision Fund 2. This investment opens many opportunities and benefits for Sendoso, including global expansion, accelerated growth, and an improved customer experience.
Let’s look at how this investment will benefit the company and its customers.
Increased access to capital
The Sendoso SoftBank Vision Fund 2 investment shows the growing trend towards venture capital investing and investment in innovative start-up companies. With the successful fundraising, Sendoso has access to a large pool of capital and resources to help expand their operations and reach new markets. The funding round also signals confidence from powerful investors in the company’s ability to deliver consistently high investment returns.
With access to capital, Sendoso is positioned well to further develop its technology and product offering as they look to execute their mission of making gifting smarter. In addition, this additional funding round allows them to look into global expansion opportunities and client acquisition initiatives domestically and internationally as they target new marketing channels.
Additionally, with access to capital, Sendoso invests in its team by hiring strategic personnel to help lead their aggressive growth strategy. With eyes on expanding globally, this influx of financial resources strengthens the business’ financial stability which helps ensure that their customers receive dependable service worldwide. Furthermore, strides can be made towards improvements in customer experience using more advanced technologies such as artificial intelligence, machine learning etc., thus creating an efficient platform for customers.
Improved access to resources
The new investment from SoftBank Vision Fund 2 gives Sendoso access to its extensive resources and experience in global business. This will give Sendoso a much larger opportunity to scale its operations, sell more products and services to customers, and quickly launch into new markets. Additionally, having an established partner such as SoftBank can help Sendoso refine its long-term strategy and take advantage of opportunities that might not otherwise be available.
The relationship also positions Sendoso well for an IPO or other liquidity event in the future, as SoftBank’s track record of delivering strong returns makes them a great partner for long-term investors. This means investors have more potential to receive returns on their investment in Sendoso over time.
Sendoso also stands to benefit from leveraging the expertise of the SoftBank team. The team has considerable experience in working with ambitious companies like Sendoso and will be able to provide invaluable advice on how best to capitalize on emerging trends, develop products faster, scale more efficiently and improve customer service. With this expertise behind them, Sendoso will be in a much better position to successfully navigate any industry changes or challenges they may face during rapid growth.
Conclusion
Sendoso’s Series C funding round led by SoftBank Vision Fund 2 is a significant milestone in the company’s journey to become a global leader in the gifting and experiences platforms space. The injection of capital will enable Sendoso to accelerate its global expansion and explore new areas of innovation.
This article discussed the implications of SoftBank Vision Fund 2’s investment in Sendoso.
Summary of the investment
Sendoso, a leading relationship automation platform helping companies engage customers and prospects more meaningfully, has recently announced a new investment from SoftBank Vision Fund 2. This investment marks a major milestone for Sendoso, as the total financing has now reached $110 million with an additional $100 million credit line from Silicon Valley Bank.
The infusion of capital allows Sendoso to strengthen their product offerings and expand into new markets. The company plans to spend the funds on product investments ranging from strengthening existing features such as real-time tracking to expanding its marketing automation features and deployment services. Additionally, Sendoso will use the capital to scale operations globally and transition into new regions such as Asia to better reach enterprise-level buyers across Asia Pacific.
SoftBank’s investment is an endorsement of Sendoso’s success and a strong signal that relationship automation technology is becoming increasingly important in the modern digital business world. This move further strengthens Sendoso’s position as one of the leading players in this space, while providing them access to resources and expertise from Softbank that can help them reach their next growth phase.
Potential impact of the investment
The SoftBank Vision Fund 2’s investment could significantly impact Sendoso’s operations and reputation. The injection of funds will let the company expand its offerings and reach new markets, and it suggests that the company has successfully demonstrated the value of its platform. This endorsement from an experienced investor should help the company build relationships with other funding sources and establish customer trust.
In addition, the infusion of funds will allow Sendoso to explore more verticals, develop technologies that enhance customer experience, engage in strategic acquisitions and create more partnerships to further its mission. With access to capital resources, Sendoso may be able to pursue around-the-world expansion for greater global market share and grow its presence throughout North America.
The potential for growth presents a bright future for customers who can benefit from the company’s streamlined platform and focus on data compliance. It also sets up Sendoso to become a bigger player in ecommerce across multiple industries.