Braze, Inc.

General Information
Business:

William Magnuson, co-founder and CEO, wrote in his Founder’s Letter: “Braze was founded 10 years ago with the belief that the broad adoption of mobile would lead to tremendous change in business and society.”

Braze is a leading comprehensive customer engagement platform that powers customer-centric interactions between consumers and brands. Our platform empowers brands to listen to their customers better, understand them more deeply and act on that understanding in a way that is human and personal. Using our platform, brands ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. As of July 2021, more than 1,000 customers around the world trust Braze with their most valuable assets: their customer relationships. Over the past three years, the scale of our platform has grown substantially. Our platform enabled interactions with 3.3 billion monthly active users via our customers’ apps, websites and other digital interfaces in July 2021, up from 2.3 billion in January 2020 and 1.6 billion in January 2019. In fiscal year 2021 alone, we processed over seven trillion consumer-generated data points on our platform, and our customers sent approximately one trillion messages to their consumers using our platform.

(Note: Braze, Inc. priced its IPO on Nov. 16, 2021, at $65 – $5 above the top of its $55-to-$60 price range – and sold the full 8 million shares in the prospectus to raise $520 million.)

Industry: SERVICES - PREPACKAGED SOFTWARE
Employees: 870
Founded: 2011
Contact Information
Address 330 West 34th Street, Floor 18 New York, New York 10001
Phone Number (609) 964-0582
Web Address http://www.braze.com/
View Prospectus: Braze, Inc.
Financial Information
Market Cap $5189.95mil
Revenues $185.89 mil (last 12 months)
Net Income $-44.42 mil (last 12 months)
IPO Profile
Symbol BRZE
Exchange NASDAQ
Shares (millions): 8.0
Price range $65.00 - $65.00
Est. $ Volume $520.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ Barclays/ Piper Sandler/ William Blair
CO-Managers Canaccord Genuity/ Cowen/ JMP Securities/ Needham & Co./ Oppenheimer & Co./ Raymond James/ Loop Capital Markets
Expected To Trade: 11/17/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change