San Francisco · CA, USA · founded 2012 · http://mailgun.net
Diligence memoA one-page analyst read on Mailgun — recommendation, valuation, rhythm, risks.→Mailgun: limited disclosed financing to assess.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Email API service.
Mailgun is a developer-focused email delivery platform that empowers companies to send, receive, and track transactional and marketing emails through an API. Founded in 2010, Mailgun became a Y-Combinator success story later acquired by Rackspace. In February 2017, Mailgun spun back out as a standalone business focused on building best-in-class email deliverability solutions. We are headquartered in San Antonio with remote teams in San Francisco and Austin. Customers like Slack, Lyft, Github, and Reddit rely on Mailgun to deliver email to their customers.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
No round amounts on record to chart.
No staged rounds to sequence.
Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 8525 companies in this sector. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 96% of sector peers (real $). Modeled value above 96% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| No rounds recorded. | |||||
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Mailgun is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Waypoint The email API built for product teams | SaaS / Software | — | — | 73% |
| Mailmodo No-code email marketing platform to send forms & widgets within emails | SaaS / Software | — | — | 71% |
| Mailwarm Prevents your emails from landing in spam. | Medical Devices | — | — | 71% |
| Shogun Shogun empowers brands to create exceptional ecommerce experience. | Ecommerce / Retail | — | — | 69% |
| Resend Email for developers | — | — | — | 69% |
| MailScript, Inc. | Other Technology | Pre-Seed | $21.2M | 69% |
| Trigger.dev Build and deploy fully‑managed AI agents and workflows | Edtech | — | — | 68% |
| Loops Email sending for startups | SaaS / Software | — | — | 68% |
See where Mailgun sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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