What is Broadly?
Founded in 2013 and based in Oakland, California, Broadly specializes in providing a comprehensive suite of digital marketing solutions. Their offerings include website design, interactive web chat functionalities, professional logo design, and targeted email campaign services, catering to businesses seeking to enhance their online presence and customer engagement.
How much funding has Broadly raised?
Broadly has raised a total of $23.2M across 3 funding rounds:
Private Equity
$6.5M
Series A
$6.7M
Series B
$10M
Private Equity (2016): $6.5M, investors not publicly disclosed
Series A (2018): $6.7M led by Foundry Group and New Enterprise Associates
Series B (2019): $10M, investors not publicly disclosed
Key Investors in Broadly
Foundry Group
Foundry Group is a venture capital firm focused on investing in early-stage information technology, Internet, and software startups. They leverage their experience and network to help entrepreneurs build successful companies.
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm established in 1977, dedicated to assisting entrepreneurs in building and scaling their businesses.
What's next for Broadly?
The recent major strategic investment in Broadly signals a phase of accelerated growth and market expansion. With a history of consistent capital raises, including Series A and Series B rounds, the company is well-positioned to further develop its service offerings and scale its operations. This infusion of capital is likely to fuel innovation in their promotional technology and broaden their client acquisition strategies, solidifying their competitive edge in the digital marketing landscape.
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