Postscript raises $35 million in Series B funding
Postscript, the top text message marketing tool for Shopify stores has announced a $35 million Series B funding round. Greylock took the lead in this round of funding, which also included YC Continuity Fund, OpenView, and others. Additionally, Sarah Guo and Mike Duboe, partners at Greylock, are welcomed to the Board by Postscript. Postscript SMS Series Greylock Yckumparaktechcrunch.
“It’s incredibly uncommon to witness the kind of passionate support that the community has shown for Postscript over the years. Postscript has quickly become a household name among retailers, integration partners, agencies, and other important participants in the commerce ecosystem “said Greylock General Partner Mike Duboe. “This enthusiasm among the community is a testament to Postscript’s unmatched ROI, keen understanding of the needs of retailers, and—most importantly—strong foundation for establishing SMS as the most valuable channel in business. Because they are great people with a big vision, keen product intuition, and unwavering customer obsession, this team is adored, and for good reason.” Postscript 35m Series Greylock Yckumparaktechcrunch.
Over 3,500 e-commerce companies trust Postscript, from niche retailers like Brooklinen, Fanjoy, and Native to established companies like Olipop, Hydrant, and Dr. Squatch. In 2020, brands on Postscript sent hundreds of millions of text messages, which resulted in attributed revenue of about $500 million. The business was featured as a 2021 Winter Leader on G2 and has a 5-star rating from over 1,100 reviews in the Shopify App Store. It is also a part of the exclusive Shopify Plus Certified App Program. Postscript Shopify Series Greylock Yckumparaktechcrunch.
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Postscript’s mission is to help brands treat SMS as a personalized, respectful method of engaging with customers by doing away with one-size-fits-all, spammy SMS strategies. Postscript is focused on developing a Conversational Commerce platform that delivers a variety of ecommerce interactions smoothly over SMS because it is adamant that consumers want to receive more than just marketing via SMS. Over the past year, ecommerce has expanded quickly, and it is evident that customers prefer email to SMS for brand communications: Customers are quickly embracing SMS, a new retail communication method with a 98% open rate. With this new round of funding, Postscript will continue to create products that support that vision. Postscript Shopify SMS 35m Series.
