Sendgrid closes on a new $20 million funding round

BOULDER – Email delivery services provider SendGrid Inc. on Tuesday announced a $20 million Series C funding round that CEO Sameer Dholakia said would likely carry the company’s growth well into 2016.

Boulder-based SendGrid, a Techstars graduate founded in 2009, has been viewed as an initial public offering candidate for some time now.

Dholakia, hired to replace Jim Franklin in September, said in a phone interview that it’s difficult to predict when the timing will be right for an IPO. But he said he expects that SendGrid would likely raise another round of funding in 2016, with an IPO following not too…