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TechStars Grad SendGrid Collects $5M Series A Financing Round
It was announced Tuesday that email management startup SendGrid had raised $5 million in Series A financing from a handful of prominent investors, including Foundry Group, Highway 12 Ventures, Dave McClure, David Cohen and Wordpress founder Matt Mullenweg. SendGrid, a graduate of last year's summer TechStars program, launched last fall and raised some seed funding from many of the same investors on its way to sending nearly 1.2 billion emails for its over 4,000 clients.
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