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Braze

“Can a cross-channel customer engagement platform become the system of record for every brand-to-consumer interaction in the AI era?”

Founded2011
HQNew York, NY, United States
Total raised~$175M private + $520M IPO
Latest roundIPO (November 2021)
Valuation~$6B at IPO
IndustryHorizontal SaaS / Customer Engagement
The story

Founded in 2011 as Appboy, the company rebranded to Braze in 2017 and positioned itself as the leading cross-channel customer engagement platform. Braze went public on Nasdaq in November 2021. Braze is not an embedded-finance company; it's a marketing/CRM SaaS whose only financial-stack touchpoints are a Stripe integration (for syncing customer billing data into the messaging platform — a data partnership, not payment acceptance) and a Capchase Pay-Monthly program offered to its own SaaS customers.

Last 12 months
2024-07
Product timeline
2011
Founded in New York as Appboy, a mobile customer engagement platform.· founding
2017
Rebranded from Appboy to Braze.· pivot
2021
IPO on Nasdaq (BRZE) at $65/share, raising $520M, closing first day up 44%.· ipo
2024
Launched Braze Data Platform unifying data capabilities and partner ecosystem.· product
The stack
1 layer disclosed in Braze’s embedded-finance stack
Lending
Capchase Pay — monthly installment financing offered to Braze customers to spread out SaaS subscription payments
Accounting gap: none

Braze — frequently asked

Where is Braze headquartered?

Braze is founded in 2011 and headquartered in New York, NY, United States.

How much funding has Braze raised?

Braze has raised ~$175M private + $520M IPO in total (latest round: IPO (November 2021); valuation: ~$6B at IPO).

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