United States · Funded startup

Who invested in Mailgun

3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT ServicesMartech

Y Combinator: W11

Funding summaryUpdated 26 Oct 2026

$51Mraised across 3 rounds since 2010, from 3 sources

$1.1MSeed$50MRound
Latest round
Round, $50MFeb 2017
Step-upi
45.5×
Investors
9
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20102011201220132014201520162017
?Seed$1.1MSeed$50MRound
First round
Seed
Jan 2010
Biggest round
$50M
Round · Feb 2017
Usual gap between rounds
5.8 years
the median of 2

The rounds

  1. Feb 2017
    Round$50M2 new

    Reported by FinSMEs

  2. May 2011
  3. Jan 2010
    SeedAmount undisclosed1 new

    Reported by techcrunch.com

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

The exit

ExitBuyerPriceWhen
AcquiredRackspaceundisclosedAug 2012

From historical deal records. Wrong? Tell us.

Everyone who backed them

Y CombinatorAccelerator2rounds
SV AngelVC firm1round
Salesforce VenturesCorporate VC1round
Paul BuchheitAngel1round
Webb Investment NetworkFamily office1round
Yuri MilnerVC firm1round
Geoff RalstonVC firm1round
RackspaceCorporate VC1round
Turn/River Capital/ Scaleworksno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Mailgun as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

ScaleworksPrivate equityPer its own site

Quick answers about Mailgun

Who invested in Mailgun?

Mailgun's investors include Y Combinator, SV Angel, Salesforce Ventures, Paul Buchheit and Webb Investment Network, and 4 more on record.

How much has Mailgun raised?

Mailgun has raised $51M across 3 rounds since 2010. One round did not disclose an amount, so the total is a floor.

When did Mailgun last raise?

Mailgun's most recent round was an Undisclosed round of $50M in Feb 2017.

What was Mailgun's biggest round?

Its most recent round, $50M in Feb 2017, is also its largest on record.

Who backed Mailgun first?

Mailgun's first round on record, in Jan 2010, was backed by Y Combinator.

What stage is Mailgun at?

Mailgun's latest named round is an Undisclosed round, in Feb 2017.

Where is Mailgun based?

Mailgun is based in the United States.

Companies like Mailgun

In the same sector, and raised in the last eighteen months.

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