About
Summary
Valuation

Founded: 2009

Headquarters: Mountain View, California

BloomReach provides a single Personalization Platform that includes BloomReach's proven applications for organic search, site-search and navigation in addition to marketing and merchandising analytics. With applications for commerce, including organic and site search and category pages, and role-based analytics, the BloomReach Platform makes content and products more discoverable and relevant, everywhere. BloomReach's core technology – the Web Relevance Engine (WRE) - algorithmically understands content and users, matching this with demand and intent data from across the Web. BloomReach's Commerce Suite has solutions that adapt your content to make it personal and relevant for individual users. The BloomReach Compass suite surfaces product performance and recommendations that maximize revenue.

Key Facts

1

Bloomreach powers over 25% of all e-commerce experiences across the US and UK, and supports 300+ global enterprises including Neiman Marcus, CapitalOne, Staples, NHS Digital, Bosch, Puma, and Marks & Spencer.

2

The Bloomreach Experience Platform (brX) enables brands to deliver incredible, revenue-driving commerce experiences through three key pillars:

3

Engagement - Bloomreach's Customer Data & Experience Platform (CDXP) unifies all its customer data and delivers connected customer experiences, all with a single solution.

4

Discovery - Backed by a commerce-specific AI engine that is powered with 12+ years of data, Bloomreach helps its customers create a sophisticated product discovery experience so customers can find and convert on products faster.

5

Content – Bloomreach manages storefronts and can easily add products to any page with its powerful APIs and software solutions designed to help customers capture more revenue.

6

In conjunction with the recent Series F financing, Bloomberg reports that "Without committing to a timeline, CEO De Datta said the company has reached a scale where it could go public." "We could be public as early as next year if we wanted to be, he added.”

7

Bloomreach's headcount is nearing 800, and it is adding about 150 people per quarter and plans to continue that substantial growth in 2022 in Europe, India and the United States.

8

From an annual recurring revenue (ARR) standpoint, the company surpassed $150 million in annual recurring revenue (ARR) at the close of 2022, with its fourth quarter garnering the largest new ARR number in the company's history, according to PR Newswire. This is up from 2021, when the company grew 63% year over year and ended 2021 with $117 million in ARR, according to TechCrunch. CEO De Datta revealed that the growth was done in a capital-efficient way, burning less than $5 million in cash in 2021. Bloomreach's customer base also grew to 1,100 brands after adding more than 100 in 2021.

9

Bloomreach was named the sole Visionary in the Gartner 2021 January Magic Quadrant for Digital Experience Platforms.

10

Bloomreach customers are achieving record growth in eCommerce, with the average customer up 36% in digital and online commerce revenue year-to-date, and on average up 44% in online revenue since the beginning of the pandemic.

11

The company announced significant executive appointments to accelerate momentum during a record year of growth in 2021, naming Amanda Elam as Chief Marketing Officer, as well as Cheryl Chavez as Chief Product Officer.

12

Bloomreach achieved widespread industry and customer recognition of its solutions in 2021 - named a Leader in the Forrester Wave™: Cross-Channel Campaign Management (Independent Platforms), Q3 2021, a Strong Performer in the The Forrester Wave™: Digital Experience Platforms, Q3 2021, a 2021 Gartner Peer Insights Customers’ Choice for DXP, and #1 CDP in the Relationship Index for G2 Summer 2021.

13

Bloomreach is now available on Google Cloud Marketplace.

Industry

Primary Vertical

FinTech

Mosaic Score

100

Money - 100

Momentum - 100

Management - 100

Market - 100

What is a Mosaic Score?

Employees: 500


Key Officers

Name Work History Title Status
officer name 1 Founder Current
officer name 2 Founder Current
officer name 3 Founder Current

Customers

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Key Investors

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Size of Market

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Market Position

Businesses that accept or are transitioning to accept bitcoin payments. Customers that own or trade cryptocurrency

Valuation & Fundraising

Last Round: Jan. 2021, Seed

Valuation Post-Money: $10M

 

Amount Raised: $1M

Total Funds Raised: $10M

 

Linqto Implied Valuation: $10M


Funding Rounds

Date Round Amount Valuation
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M
01/01/2021 Seed $11M $11M

Valuation Over Time

Linqto Chart

1 buyback

Competitive Landscape

Company Valuation Revenue

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B

Company Name

San Francisco, California

$65.3B $1.3B