MessageBird BV has received around $ 1 billion in private equity investments which the Amsterdam-based communications technology company is using to bolster its US market share and product offerings.
The company, whose products support cloud-based communication services that include text, voice and video, adds email to its arsenal with an agreement to purchase Message Systems Inc., a Columbia-based company. , MD, which does business as SparkPost. The deal values the messaging technology provider at around $ 600 million and is expected to close by June 30.
MessageBird is funding the purchase of the roughly $ 800 million in investments it has received in an extended Series C cycle since last October, according to founder and CEO Robert Vis. The company said it initially received some $ 200 million in Series C.
The total investment under Series C values MessageBird at $ 3.8 billion, according to a person familiar with the deal.
Eurazeo Growth, Tiger Global Management, BlackRock Inc. and Owl Rock Capital Partners participated in the extended investment cycle, which included both debt and equity, MessageBird said in a press release. The company’s previous backers who have also participated include venture capitalists Accel, Atomico and Spark Capital.