Brevo Raises $583M, Challenges CRM Giants with $1B Valuation

Brevo, a CRM company headquartered in Paris, has raised $583M in equity funding, valuing the company at over $1B. The funding will be used to compete with larger players such as Hubspot and Salesforce in the US and Europe. Brevo has over 600,000 customers, including Carrefour, eBay, and H&M, and plans to reach $1B in revenue by 2030. The company aims to increase its US revenue to 50% of its global revenue.