Huge Investment Doubles Contentsquare Valuation

Paris-based user experience analytics firm Contentsquare has closed a $600m growth investment round, doubling its valuation to around $5.6 billion. Money will be used for geographical and product expansion, M&A, and to support long-term growth in key markets.

The round includes $400m in Series F equity - led by Sixth Street Growth and joined by numerous existing investors including KKR and BlackRock - and $200m in debt financing; and brings its total raised to date to $1.4bn, with last Spring's Series E round generating $500m.

Contentsquare, whose Board of Directors will be joined by Sixth Street MD Benjamin Johnston, says the funds will also help it 'deliver greater impact in areas where it can really make a difference, including digital accessibility, privacy & sustainability'.

The firm promises brands 'an unprecedented understanding of the customer experience on their websites and apps' using an AI-powered engine to analyse and report on 3.2 trillion customer interactions monthly and $2.5 billion in transactions daily. It boasts several hundreds of million dollars in annual recurring revenue and a year-on-year revenue growth rate above 100%; and a headcount of 1,500, including 430 in R&D - in seventeen offices around the world.

CEO and founder Jonathan Cherki (pictured) comments: 'This new round of investment is a testament to the boundless ambition of our team... laser focused on helping businesses of all sizes deliver more human digital experiences - experiences that are seamless, frictionless, rewarding and inspiring. We're excited to keep on dedicating ourselves to raising the standards of digital customer experience everywhere, and we feel this is just the beginning'.

Web site: www.contentsquare.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.