Press Release June 07, 2021

Klaviyo Raises $320 Million in Series D Funding

The Technology team advised Klaviyo on its $320 million Series D financing.

Klaviyo is a leading customer data and marketing automation platform. By applying AI and machine learning to pull in customer data, the platform generates audience insights and automates and customizes relevant communications, advertising, and marketing campaigns.

The round was led by new investor Sands Capital. Other new investors include Counterpoint Global (Morgan Stanley), Whale Rock Capital Management, ClearBridge Investments, Lone Pine Capital, Owl Rock Capital, Glynn Capital, and Keith Block (former co-CEO of Salesforce), with participation from existing investors Accel and Summit Partners.

The Goodwin team was led by Craig Schmitz, Kristin Gerber, Kim Larie, Matt Rosencranz, and Josh Tarr (Corporate); and included Marty Gomez (IP); Paul Jin and Kara Kuritz (Antitrust); David Kantrowitz (Data, Privacy & Cybersecurity); Mike Kendall (Opinions); and Scott Zilora and Jay Yaworsky (Financial Analysis), with invaluable assistance from Coleen Doyle.

For more details, read the press release and articles in TechCrunch and Forbes.