US-based mobile engagement and communication platform provider Sendbird has completed a $100m series C round featuring internet and telecommunications group SoftBank’s Vision Fund 2.
Investment fund manager Steadfast Capital led the round, which valued the company at $1.05bn, while Emergence Capital, World Innovation Lab, Iconiq Growth, Tiger Global Management and Meritech Capital also took part.
Sendbird’s online platform enables businesses to provide messaging, video chat and voice call services for their mobile-based customers.
More than 150 million users communicate on the platform through the apps of companies such as social media platform operator Reddit and digital payment services provider Paytm.
In early 2019, SendBird collected $102m of series B funding from investors including Tiger Global, Iconiq Capital, Funders Club, August Capital, Y Combinator and Shasta Ventures.
Shasta Ventures and August Capital had co-led a $16m series A round for the company in 2017 that also featured Y Combinator and FundersClub, after Zillionize had supplied an undisclosed amount of funding the previous year.