Trustpilot raises $55m in Series E funding led by Sunley House Capital Management to expand its review platform.
The Series E round was led by Sunley House Capital Management with participation from Draper Esprit.
≈ £41.7M at $1 = £0.7587 on 6 Mar 2019
Trustpilot operates an independent online review platform that connects consumers with company domains to build brand trust.
Trustpilot has secured $55m in a Series E funding round led by Sunley House Capital Management, with continued participation from existing backer Draper Esprit. The business plans to allocate the capital towards scaling its market presence, enhancing its technology platform, and expanding its workforce.
Established in 2007, the company hosts tens of millions of consumer reviews spanning hundreds of thousands of domains globally. The latest injection of capital follows a long-standing relationship with Draper Esprit, which initially backed the review platform in 2013.
Investor perspective
"Trustpilot is a fantastic business that we’ve backed for some years. They’ve built a market leading business model and have grown strongly since we initially invested in them in 2013."
Simon Cook
CEO, Draper Esprit
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Grow the team
Investors
Categories
About the company
Trustpilot
Trustpilot provides an independent consumer review platform for online businesses.