Gupshup Raises $100M

San Francisco-based Gupshup, a provider of conversational messaging tools, announced it has raised $100 million in fresh funding from Tiger Global Management.

The financing sets a valuation of $1.4 billion for Gupshup, which says its API currently enables over 100,000 developers and businesses to build messaging and conversational experiences, used in over 6 billion messages per month.

Gupshup has not raised a funding round since 2011, with total prior funding of around $44 million, per Crunchbase data. The company says it closed out 2020 with an annual revenue run rate of approximately $150 million.

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The new funding round was led by Owl Rock Capital Partners and NextEquity Partners, along with existing investors Scale Venture Partners, Top Tier Capital, Threshold Ventures (formerly DFJ), Baseline