Klaviyo

Last updated

Klaviyo, Inc.
Company type Public
NYSE:  KVYO
Industry Marketing SaaS
Founded2012;12 years ago (2012)
Founders
  • Andrew Bialecki
  • Ed Hallen
Headquarters
Boston, Massachusetts, United States
Key people
Andrew Bialecki (CEO)
Products email marketing, sms marketing, [1] product reviews, [2] CDP [3]
RevenueIncrease2.svg US$698 million (2023)
Decrease2.svgUS$331 million (2023)
Decrease2.svgUS$308 million (2023)
Total assets Increase2.svgUS$1.09 billion (2023)
Total equity Increase2.svgUS$915 million (2023)
Owners
Number of employees
1,815 (2023)
Website klaviyo.com
Footnotes /references
[4] [5]

Klaviyo, Inc. is a global technology company that provides a marketing automation platform, used primarily for email marketing and SMS marketing. The company is headquartered in Boston, Massachusetts, United States. [6] A majority of the approximately 143,000 [7] merchants who use Klaviyo's software are e-commerce sellers who host their offerings on Shopify. [8]

Contents

History

The company was founded in 2012 by Andrew Bialecki and Ed Hallen. [9] Both Bialecki and Hallen had previously worked at Applied Predictive Technologies. [8]

In August 2022, e-commerce company Shopify announced it was making Klaviyo the recommended email solution partner for its Shopify Plus merchant platform, with a US$ 100,000,000 strategic investment into the company. [10] [11]

In November 2022, Klaviyo announced it's first acquisition, code development firm Napkin.io [12] .

In May 2023, Klaviyo filed for an initial public offering (IPO) for a listing at the New York Stock Exchange. [8] [13] In September, the company went public, raising $576 million in the IPO at a $9.2 billion valuation. [14] [15]

In June 2023, Klaviyo partnered with e-commerce platform Prestashop with the launch of Prestashop Automation with Klaviyo [16] [17]

In 2024, the Klaviyo Marketing Platform was localised into 6 non-English languages, French [18] , German, Spanish, Italian, Korean and Brazilian Portuguese. [19]

Software and services

The Klaviyo platform primarily integrates with e-commerce platforms, such as Shopify, Magento, BigCommerce, Stripe, and WooCommerce. [20]

In addition to its e-commerce platform integrations, users can integrate other tools from their tech stacks like Zendesk, Postscript, Meta Ads, Google Ads, Square, Albato, Zapier, Aftership, Amazon Buy with Prime, Big Commerce, Canva, Zoho and Okendo [21] and Salesforce, directly to Klaviyo, or use an API solution when an integration needs to be customized. [22]

See also

Related Research Articles

<span class="mw-page-title-main">Digital marketing</span> Marketing of products or services using digital technologies or digital tools

Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones, and other digital media and platforms to promote products and services. It has significantly transformed the way brands and businesses utilize technology for marketing since the 1990s and 2000s. As digital platforms became increasingly incorporated into marketing plans and everyday life, and as people increasingly used digital devices instead of visiting physical shops, digital marketing campaigns have become prevalent, employing combinations of search engine optimization (SEO), search engine marketing (SEM), content marketing, influencer marketing, content automation, campaign marketing, data-driven marketing, e-commerce marketing, social media marketing, social media optimization, e-mail direct marketing, display advertising, e-books, and optical disks and games have become commonplace. Digital marketing extends to non-Internet channels that provide digital media, such as television, mobile phones, callbacks, and on-hold mobile ringtones. The extension to non-Internet channels differentiates digital marketing from online marketing.

Bloomreach is a cloud-based e-commerce experience platform and B2B service specializing in marketing automation, product discovery, and content management systems. The company, founded in 2009 by Raj De Datta and Ashutosh Garg, is headquartered in Mountain View, California.

<span class="mw-page-title-main">Qlik</span> Software company whose main products are QlikView and Qlik Sense

Qlik [pronounced "klik"] provides a data integration, analytics, and artificial intelligence platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. Thoma Bravo made the company private in 2016.

HubSpot, Inc. is an American developer and marketer of software products for inbound marketing, sales, and customer service. HubSpot was founded by Brian Halligan and Dharmesh Shah in 2006.

Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The platform offers retailers a suite of services, including payments, marketing, shipping, and customer engagement tools.

<span class="mw-page-title-main">Salesforce Marketing Cloud</span> Digital marketing automation provider

Salesforce Marketing Cloud is a provider of digital marketing automation and analytics software and services. It was founded in 2000 under the name ExactTarget. The company filed for an IPO in 2007, but withdrew its filing two years later and raised $145 million in funding. It acquired CoTweet, Pardot, iGoDigital and Keymail Marketing. In 2012, it raised $161.5 million in an initial public offering, before being acquired by Salesforce for $2.5 billion in 2013. ExactTarget was renamed Salesforce Marketing Cloud in 2014 after its acquisition by Salesforce.

Oracle Bronto provides a cloud-based commerce marketing automation platform to mid-market and enterprise organizations.

DHgate.com is a Chinese business-to-business (B2B) and Business-to-consumer cross-border e-commerce marketplace that facilitates the sale of manufactured products from suppliers to small and medium retailers. It is one of the largest B2B-cross-border e-commerce trade platforms in China. The company is based in Beijing and has offices worldwide, including in the US and UK.

<span class="mw-page-title-main">JD.com</span> Chinese e-commerce company

JD.com, Inc., also known as Jingdong, formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, and is a major competitor to Alibaba-run Tmall. With revenues more than US152.8 billion in 2023, JD.com is China’s largest retailer by revenue, and ranks 52 on Fortune Global 500. JD.com’s portfolio spans across retail, technology, logistics, health care, industrials, property management, private label, insurance, and international business.

<span class="mw-page-title-main">Act-On</span> American software company

Act-On Software is a software-as-a-service product for marketing automation. The company is headquartered in Portland, Oregon and was founded in 2008, originally retailing its software exclusively through Cisco, which provided $2 million in funding.

<span class="mw-page-title-main">Datadog</span> American technology company

Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange. The mascot is a dog named Bits.

Marketing automation refers to software platforms and technologies designed for marketing departments and organizations automate repetitive tasks and consolidate multi-channel interactions, tracking and web analytics, lead scoring, campaign management and reporting into one system. It often integrates with customer relationship management (CRM) and customer data platform (CDP) software.

<span class="mw-page-title-main">Braze, Inc.</span> American software company

Braze, Inc. is an American cloud-based software company based in New York City. It is a customer engagement platform used by businesses for multichannel marketing.

The commercialization of the Internet encompasses the creation and management of online services principally for financial gain. It typically involves the increasing monetization of network services and consumer products mediated through the varied use of Internet technologies. Common forms of Internet commercialization include e-commerce, electronic money, and advanced marketing techniques including personalized and targeted advertising. The effects of the commercialization of the Internet are controversial, with benefits that simplify daily life and repercussions that challenge personal freedoms, including surveillance capitalism and data tracking. This began with the National Science Foundation funding supercomputing center and then universities being able to develop supercomputer sites for research and academic purposes.

Brevo, formerly Sendinblue, is a SaaS solution for relationship marketing. The company was founded in 2012 by Armand Thiberge, and offers a cloud-based marketing communication software suite with email marketing, transactional email, marketing automation, customer-relationship management, landing pages, Facebook ads, retargeting ads, SMS marketing, and more.

<span class="mw-page-title-main">Scandiweb</span>

scandiweb is a web development and digital strategy agency specializing in the Magento platform. The company was established in 2003 in Latvia by Antons Sapriko. It has offices in the United States, Sweden, Latvia, and Georgia. scandiweb provides solutions for primarily eCommerce businesses and acts as a strategic partner for IT development focusing on web, mobile, and big data analysis. Their work is centered mainly around Magento but also includes web development on other platforms, like Shopify, BigCommerce, Shopware, and others, 3rd party integration, growth marketing—SEO, PPC, CRO, email marketing, performance optimization, hosting, data analytics, and security services.

The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.

ActiveCampaign is a software as a service (SaaS) platform for small-to-mid-sized businesses and is based in Chicago, Illinois. The company offers email marketing, marketing automation, sales automation, and CRM functionality.

<span class="mw-page-title-main">Conversica</span>

Conversica is a US-based cloud software technology company, headquartered in San Mateo, California, that provides two-way AI-driven conversational software and a suite of Intelligent Virtual Assistants for businesses to engage customers via email, chat, and SMS.

Omnisend is a marketing automation platform for ecommerce businesses, focusing on email and SMS marketing. It is designed by the company Omnisend, established in 2014 under the name Soundest. Omnisend is headquartered in London, United Kingdom.

References

  1. "Who Thought Up Klaviyo's New SMS Product? Its Customers". Built in BOS. December 4, 2019.
  2. "Klaviyo Introduces Klaviyo Reviews". Business Wire. June 27, 2023.
  3. "Klaviyo Launches CDP with Integrated Delivery Tools". Customer Data Platform Institute. August 16, 2023.
  4. "Klaviyo, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 29, 2024.
  5. "Klaviyo, Inc. Registration Statement (Form S-1)". U.S. Securities and Exchange Commission. August 25, 2023.
  6. Carlock, Catherine (October 9, 2019). "Fast-growing Klaviyo expands downtown HQ". The Business Journals. Retrieved May 24, 2022.
  7. "About Klaviyo". March 18, 2024.
  8. 1 2 3 Gehan, Ann; Weinberg, Cory (May 4, 2023). "IPO Hopeful Klaviyo Tries to Prove There's More to Life Than Shopify". The Information. Retrieved May 4, 2023.
  9. Morrison, Chris (April 19, 2021). "How Klaviyo transformed from a lifestyle business into a $4.15B email titan". TechCrunch. Retrieved May 24, 2022.
  10. "Klaviyo and Shopify Announce Strategic Partnership". Business Wire. August 2, 2022. Retrieved August 2, 2022.
  11. "Shopify makes $100M strategic investment in marketing automation startup Klaviyo". Techcrunch. August 2, 2022. Retrieved August 2, 2022.
  12. "Klaviyo Acquires Napkin.io, Code Development Firm". MediaPost.com. November 7, 2022. Retrieved October 16, 2024.
  13. Wang, Echo (May 12, 2023). "Klaviyo files confidentially for U.S. IPO -sources". Reuters. Retrieved May 13, 2023.
  14. Primack, Dan (September 20, 2023). "Klaviyo goes public, setting stage for SaaS IPO rush". Axios.
  15. Wang, Echo; Sen, Anirban (September 19, 2023). "Klaviyo valued at $9.2 billion after pricing IPO above range". Reuters.
  16. "PrestaShop Automation with Klaviyo". Prestashop.com. June 13, 2023. Retrieved March 27, 2024.
  17. "Prestashop et Klaviyo lancent Prestashop Automation". Ecommercemag.fr (in French). July 11, 2023. Retrieved March 27, 2024.
  18. "How to change the language for your account". help.klaviyo.com. May 28, 2024. Retrieved July 12, 2024.
  19. "Klaviyo now in 5 additional languages: Use a platform that speaks the same language as you". www.klaviyo.com/uk/. October 16, 2024. Retrieved October 16, 2024.
  20. "Klaviyo Raises $320 Million in Series D Funding Following Surge in Demand for Data and Marketing Automation Platform". Cision PR Newswire (Press release). May 18, 2021. Retrieved May 24, 2022.
  21. FinSMEs (July 15, 2022). "Okendo Raises $26M in Series A Funding". FinSMEs. Retrieved August 23, 2022.
  22. "Build your integration". Klaviyo Developers. Retrieved March 18, 2024.