Total amount raised
$115.8 Million
Latest funding date
6/1/2014
Location
Yext has raised a total of an undisclosed amount in funding over 9 rounds, with the latest being a Post-IPO Debt round. The company is backed by 13 investors, including notable names like BlackRock and Employee Stock Option Fund.
Yext's platform offers a range of tools designed to enhance brand visibility and search optimization, including AI search visibility monitoring, location information management, and reputation management. Keep reading to explore the intricacies of Yext's fundraising journey and the investors backing this innovative platform.
What Is Yext?
Yext, founded in 2006, is a leading digital presence platform based in New York, New York. The company operates in various industries, including advertising, enterprise software, and search engine optimization.
With a workforce of 1001-5000 employees, Yext helps businesses manage their digital knowledge in the cloud, ensuring accurate and consistent information across the web. The company is publicly traded under the ticker NYSE:YEXT.
Yext offers a comprehensive platform that includes tools for managing local listings, reviews, social content, and AI-optimized local pages, serving industries like financial services, healthcare, and retail.
How Much Funding Has Yext Raised?
- Seed Round
- Amount Raised: USD 250,000
- Date: November 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the company's core technology and business model.
- Series A
- Amount Raised: USD 1,820,000
- Date: June 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: USD 3,500,000
- Date: September 2008
- Lead Investors: Grape Arbor VC, Sutter Hill Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance marketing efforts.
- Series C
- Amount Raised: USD 25,000,000
- Date: October 2009
- Lead Investors: IVP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand market reach.
- Series D
- Amount Raised: USD 10,000,000
- Date: July 2011
- Lead Investors: Michael Walrath
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enter new markets.
- Series E
- Amount Raised: USD 27,000,000
- Date: June 2012
- Lead Investors: Marker
- Valuation at Round: USD 270,000,000
- Motivation Behind the Round: To enhance product offerings and prepare for international expansion.
- Series F
- Amount Raised: USD 50,250,006
- Date: June 2014
- Lead Investors: Insight Partners
- Valuation at Round: USD 525,000,000
- Motivation Behind the Round: To support research and development, international expansion, and potential acquisitions.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Debt
- Amount Raised: USD 200,000,000
- Date: May 2025
- Lead Investors: BlackRock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the balance sheet and support long-term growth initiatives.
Total Amount Raised: USD 317,820,006. Current Valuation: Not publicly disclosed.
Key Investors
- BlackRock
- Details: BlackRock is a global investment management corporation based in New York City. It is one of the world's largest asset managers, with a wide range of investment products.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Apple, Microsoft, Alphabet.
- Insight Venture Partners
- Details: Insight Venture Partners is a private equity and venture capital firm based in New York City. It focuses on growth-stage investments in software and internet businesses.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Marker
- Details: Marker is a venture capital firm that invests in technology-driven companies across various stages. It has a global investment approach.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: WeWork, Domo, Taboola.
- Institutional Venture Partners (IVP)
- Details: IVP is a later-stage venture capital and growth equity firm based in Menlo Park, California. It focuses on investments in rapidly growing technology companies.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Snapchat, Twitter, Dropbox.
- Sutter Hill Ventures
- Details: Sutter Hill Ventures is a venture capital firm based in Palo Alto, California. It invests in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, software, data services.
- Notable Investments: Pure Storage, Snowflake, Sumo Logic.
What's Next for Yext?
Yext is poised for significant growth, with opportunities in international markets like Germany, Australia, the United Kingdom, and Canada. The company aims to leverage the booming mobile advertising sector, particularly location-based ads, to expand its reach. With a solid subscription revenue model and plans for further acquisitions, Yext is well-positioned to capitalize on these opportunities.
Future fundraising efforts, including a potential IPO, could provide the necessary capital to fuel this expansion. However, Yext may face challenges such as managing rapid international growth and navigating market volatility. Despite these hurdles, the company's strong financial performance and strategic vision suggest a promising future.
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