- Yotpo — a leading SaaS-based eCommerce marketing platform that helps retail brands accelerate online revenue growth — announced it has raised $75 million in Series E funding
Yotpo — a leading SaaS-based eCommerce marketing platform that helps retail brands accelerate online revenue growth — announced it has raised $75 million in Series E funding. Including this round, the company has raised $176 million in total.
This funding round was led by Adam Fisher of Bessemer Venture Partners (BVP). BVP is increasing its investment in Yotpo in response to the company’s consistent growth and strong performance.
Specifically, Yotpo has experienced record growth with a 300% increase in customers in 2019 and a 250% increase in annual recurring revenue (ARR) since its last funding round in November 2017. And the company expects to double its revenue within the next two years.
When the COVID-19 pandemic first started, Yotpo saw a surge in
Article source: https://pulse2.com/yotpo-raises-75-million-funding/
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