SAN FRANCISCO & TORONTO--(BUSINESS WIRE)--Wellington Financial LP, a privately-held specialty finance firm, today announced that it has invested US$10 million in SparkPost, the most performant cloud email delivery service available.
“SparkPost is a high-growth, integral cloud email delivery service that numerous industry-leading companies rely on for their mission critical communication needs,” said Ash Vaidya, Partner at Wellington Financial. “We believe SparkPost’s growth is a testament to the value proposition of their technology, and our team at Wellington is excited to be in a position to support SparkPost’s growth.”
As the highest performing cloud email delivery service available, SparkPost has been chosen by more than 15,000 active customers ranging from small startups to major technology companies including Pinterest, Zillow, CareerBuilder and LinkedIn to provide the deliverability, speed and insight needed to drive customer engagement. SparkPost is trusted to send more than 25 percent of the world’s legitimate emails by its customers, totaling over 3 trillion messages per year, and is increasing that volume by more than 1 billion per month, making it the fastest-growing cloud email service provider on the market. The company’s existing investors include LLR Equity Partners and NewSpring Capital.
“Today we are the only full-featured cloud email delivery service built 100 percent for the modern cloud on AWS. As a result we can focus on refining the world’s best email delivery platform instead of building and running datacenters,” said Phillip Merrick, Chief Executive Officer at SparkPost. “It’s terrific validation to see this confidence in our business from Wellington Financial and it’s a testament to the strong fundamentals of our business and our position in the market.”
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm providing term, venture, amortizing and unitranche loans up to $40 million. Wellington Financial LP is currently managing a $900 million investment program with offices in Menlo Park, Santa Monica and Toronto. Wellington Financial LP is managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a large financial stake to the Fund. LPs include several of Canada’s largest institutional investors, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com.
SparkPost is the world’s #1 email infrastructure provider, offering the most performant cloud email delivery service available. Customers including Pinterest, LinkedIn, Twitter, Groupon, Marketo, Zillow, CareerBuilder, ZipRecruiter, the Financial Times and Comcast send over 3 trillion messages a year, more than 25 percent of the world’s non-spam email. These companies chose us to provide the deliverability, speed to launch and data insights they need to drive customer engagement for their business. Follow us on Twitter @SparkPost or go to sparkpost.com.