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Mailgun Bags $50M - Spins Out From Rackspace

February 22, 2017

Mailgun has raised $50M in financing led by Turn/River Capital, with participation from Scaleworks and Rackspace. The investment and related spin out transaction will establish Mailgun as an independent company from Rackspace, and will be used to accelerate Mailgun's product roadmap, drive growth initiatives, and expand customer support.

Built for developers, Mailgun provides a powerful set of APIs that allows users to send, receive, and track email easily from within their applications - without managing an email server or becoming an expert in email setup, operations and deliverability. This full-featured email service allows customers to engage their users, and optimize the email capability of their application and websites with all the analytics and data needed to measure the impact. Leading development teams such as Slack, GitHub, Stripe, Lyft, OfferUp, Zapier and Cinemark seamlessly integrate their products with Mailgun to power their email. As an email deliverability expert, Mailgun helps its customers navigate the world of email reputation to ensure they can deliver an exceptional customer experience. Combined with best in class support, Mailgun allows developers to focus on building great products, not the deliverability of their emails.

The newly formed company named Mailgun veteran William Conway as its CEO. William previously served as GM of Mailgun inside Rackspace.

"Developers are at the heart of everything we do. We are focused on solving the daily problems developers face when integrating and managing email inside of their applications. Our independence and influx of growth capital will allow Mailgun to drive a product vision that will thrill developers when they see what is coming down the pipe," said William Conway, CEO, Mailgun. "Turn/River Capital's experience growing similar developer tools makes them a perfect match to help drive Mailgun's continued growth."

"Mailgun has grown consistently by providing the most scalable and developer friendly email sending infrastructure. It's used daily by thousands of developers who build their app's email communication entirely on top of Mailgun's easy to use APIs," said Dominic Ang, Turn/River Capital's founder and Managing Partner. "We are excited to provide capital and our own unique operational expertise in SaaS sales and marketing in support of the Mailgun team as they aim to solve email deliverability for all customers."

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