Building global sales beyond
the US

How SOLA supported Sendbird’s ambitious expansion plans

The challenge

Following Series B funding‭, ‬Sendbird wanted to aggressively grow non-US revenue‭, ‬starting in EMEA‭.‬ They needed to establish a presence and build a revenue engine outside of the domestic market without diverting local resources‭.‬

Sendbird wanted to focus on the UK and Continental Europe initially but didn’t have the expertise to set up operations and hire teams in those jurisdictions‭. ‬They needed to avoid the risk associated with launching in an unfamiliar territory‭.‬

At a glance

Company: Sendbird

CEO‭:‬‭ ‬John S‭. ‬Kim

VP Sales‭:Justin Smith

Founded‭:‬‭ ‬2013

HQ‭:‬‭ ‬California‭, ‬USA

Sector‭:‬‭ ‬SaaS‭ / ‬API‭ / ‬SDK‭ / ‬Chat

SOLA entry

Date‭:‬‭ ‬March 2019

Stage‭:‬‭ ‬Series B

Headcount‭:‬‭ ‬Circa 100‭ ‬staff in the US

Plan‭:‭ ‬International expansion

Aim‭:‬‭ ‬Open and develop‭ ‬EMEA markets‭ ‬

SOLA exit

Date‭:October 2021

New hires‭:‬‭ ‬29

EV‭:‭ ‬From‭ $‬1‭ ‬billion‭+‬

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See how SOLA helped Sendbird
build teams & launch overseas

After initial discussions and diagnoses‭, ‬SOLA designed a detailed scope and project plan‭. ‬SOLA leaders visited Sendbird’s offices in the US for a deep dive into the company’s purpose‭, ‬mission‭, ‬vision and values as well as the key drivers for success‭.‬

From that work‭, ‬the SOLA team developed an employee value proposition to help them present Sendbird to prospective candidates‭. ‬And a strategic gameplan and timeline were agreed‭.

SOLA's approach

SOLAarc Incubator solution

SOLA deployed its SOLAarc‭ ‬Incubator‭ ‬solution‭,
‬creating a‭ ‬“virtual subsidiary”‭ ‬to support Sendbird’s EMEA expansion‭. ‬This included‭:‬

Talent identification

SOLA drew on its deep sector knowledge‭, ‬executive search expertise‭, ‬and extensive candidate networks to identify‭, ‬entice and hire exceptional local talent‭, ‬incubated within a Virtual Subsidiary for Sendbird‭.‬

Compliance with local employment laws & regulations

The Virtual Subsidiary was legally compliant across employment contracts‭, ‬management‭, ‬payroll‭, ‬taxation‭, ‬and benefits‭. ‬It removed candidate doubts about working for a US HQ business and positively appealed to key hires‭. ‬And it provided data‭ ‬&‭ ‬IP protection‭ ‬for Sendbird‭.

Tailored employment lifecycle & infrastructure support

SOLAarc‭ ‬Incubator ‬provided Sendbird and the new hires with onboarding‭, ‬compliant employment contracts‭, ‬policies‭ ‬&‭ ‬processes‭, ‬fully managed payroll‭ ‬&‭ ‬expenses‭, ‬benefits management‭, ‬employer insurances‭, ‬background screening‭, ‬HR support‭, ‬employee performance management‭, ‬and off-boarding‭.‬

Path to exit

SOLA worked closely with all Sendbird’s stakeholders to facilitate a seamless transfer of incubated employees into a true UK Sendbird subsidiary‭, ‬without loss of continuity‭ ‬of employment‭.

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The results

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"Over the past few years, we grew from less than 90 to 300+ staff and 1,000+ customers in 7+ countries with a $1Billion+ EV"

YK‭ (‬Yaekyum‭) Lee, Global Head of CX