About Relay Network
Relay Network is a company based in Radnor (United States) founded in 2010.. Relay Network has raised $48.7 million across 3 funding rounds from investors including Actua, LLR Partners and Independence Blue Cross. The company has 98 employees as of December 31, 2022. Relay Network offers products and services including Relay Workflows, Relay e-Signature, and Relay Messenger. Relay Network operates in a competitive market with competitors including Capillary Technologies, Marketo, Braze, CleverTap and Gupshup, among others.
- Headquarter Radnor, United States
- Employees 98 as on 31 Dec, 2022
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Relay Network, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$48.7 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series C
Dec 04, 2019
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Investors
Actua
& 4 more
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Employee Count
98
as on Dec 31, 2022
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Products & Services of Relay Network
Relay Network offers a comprehensive portfolio of products and services, including Relay Workflows, Relay e-Signature, and Relay Messenger. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates automated customer workflows for onboarding and interactions.
Enables secure electronic signatures for compliance and transactions.
Provides two-way chat for personalized content and customer support.
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Funding Insights of Relay Network
Relay Network has successfully raised a total of $48.7M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $30.0M
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First Round
First Round
(06 Oct 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Series C - Relay Network | Valuation | LLR Partners |
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| Jun, 2016 | Amount | Series B - Relay Network | Valuation | NewSpring | |
| Oct, 2010 | Amount | Series A - Relay Network | Valuation | NewSpring , Actua |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Relay Network
Relay Network has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Actua, LLR Partners and Independence Blue Cross. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm investing in technology and healthcare businesses for growth capital.
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Investment firm focusing on lower-middle market growth, healthcare, and various strategies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Relay Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Relay Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Relay Network Comparisons
Competitors of Relay Network
Relay Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Capillary Technologies, Marketo, Braze, CleverTap and Gupshup, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered loyalty management software is offered for enterprises.
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| domain | founded_year | HQ Location |
A cloud-based marketing automation platform is provided for businesses.
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| domain | founded_year | HQ Location |
AI-based omnichannel customer engagement solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based customer engagement platform for messaging and analytics is utilized.
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| domain | founded_year | HQ Location |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
AI-driven platform for unifying customer data and automating personalized marketing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Relay Network
Frequently Asked Questions about Relay Network
When was Relay Network founded?
Relay Network was founded in 2010.
Where is Relay Network located?
Relay Network is headquartered in Radnor, United States. It is registered at Radnor, Pennsylvania, United States.
Is Relay Network a funded company?
Relay Network is a funded company, having raised a total of $48.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Oct 06, 2010.
How many employees does Relay Network have?
As of Dec 31, 2022, the latest employee count at Relay Network is 98.
What does Relay Network do?
Relay Network was founded in 2010 and is headquartered in Radnor, United States. Secure messaging services are provided to facilitate direct communication between brands and customers through mobile text channels. Operations focus on sectors including healthcare, financial services, insurance, energy, travel, and hospitality. Over 1 million users engage monthly with these services for customer interactions.
Who are the top competitors of Relay Network?
Relay Network's top competitors include Capillary Technologies, MoEngage and Blueshift.
What products or services does Relay Network offer?
Relay Network offers Relay Workflows, Relay e-Signature, and Relay Messenger.
Who are Relay Network's investors?
Relay Network has 5 investors. Key investors include Actua, LLR Partners, Independence Blue Cross, First Round Capital, and NewSpring Capital.