Singapore – Digital experience (DX) analytics company Contentsquare has recently concluded its Series E funding totalling to US$500m, which will be used by the company to augment its leadership in Europe and the US as well as supporting expansion into new markets across Asia.
Said investment round was led by SoftBank’s Vision Fund 2, who now joins existing investors such as Eurazeo, Bpifrance, KKR, Canaan, Highland Europe, and funds and accounts managed by BlackRock — most of whom also participated in this round.
In addition to the investment, Contentsquare will take advantage of SoftBank’s depth of expertise in scaling companies and networks in Asia, which will be strengthened by the recent appointment of Michel Combes, president of SoftBank Group International, as part of Contentsquare’s board of directors.
The newly secured funding will also support Contentsquare’s rapid growth and geographic expansion, merger and acquisition activities, as well as go-to-market strategies.
This latest round comes one year after Contentsquare’s US$190m Series D raise, bringing the total funding to date to US$810m and valuing Contentsquare at US$2.8b.
“Innovation is in Contentsquare’s DNA and today’s investment is a result of the tremendous hard work of our passionate and ambitious team. Our growth has been accelerated by the world’s shift towards digital, and our technology answers many of the digital transformation challenges brands face today,” said Jonathan Cherki, CEO and founder at Contentsquare.
Contentsquare’s momentum last year has been defined by several milestones, including exponential growth globally, with a compound annual recurring revenue growth rate of 121% over the past four years; product launches such as ‘Contentsquare Merchandising’, ‘Contentsquare Insights’ and ‘Find & Fix’; and massive team expansion to APAC with teams in Singapore, Tokyo, Melbourne and Sydney.
“By democratizing access to actionable customer insights, Contentsquare empowers businesses in every sector to build better digital experiences for everyone. We’re excited to partner with Contentsquare on its journey as one of the global leaders in UX optimization,” Yanni Pipilis, managing partner for SoftBank Investment Advisers, commented.
