SendBird Raises $52 Million + $50 More

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SendBird, which provides white-label chat and messaging solutions for companies, announced last February it completed a $52 million Series B funding round, but it turns out that was just the beginning.

Today, that same startup announced an extension of that round, an additional $50 million. ICONIQ Capital lead the first part of the B round, and in today’s announcement, Tiger Global Management takes the lead.

On the first half if the Series B funding, August Capital, FundersClub, Shasta Ventures and Y Combinator participated. On the last half, only Tiger and ICONIQ participate.

The combined total for the Series B round is $102 million, with a grand total of $121 million raised since the startup graduated from Y Combinator in 2016.

SendBird is a customizable chat and messaging platform that provides necessary Software Development Kits (or SDS’s) with a managed infrastructure for mobile and web apps. This allows businesses to launch customized in-app messaging and chat services fast, efficient and at scale.

Among SendBird’s customers are the National Basketball Association, Carousell, Virgin Mobile, Hinge and Healthline.

“Our series B is going to help us to do more of this work for our customers- to build the best possible chat and messaging API in the world, to scale our go-to-market, and attract and retain the amazing people that make this possible,” said John Kim, CEO of SendBird, in a statement. He adds that building the top chat API and scaling their growth are the startups two key priorities with this new funding.