Yext Raises $50 Million

Today Yext announced that it has raised $50 million in primary
growth financing.

Yext provides a critical digital service to over 300,000 businesses, 50+ local
search publishers, and ultimately tens of millions of end-users around the
world. Our Integrated GeoMarketing software lets marketers control their
business listings across maps, directory sites, their own web and mobile apps,
social media and more. With Yext, a bank, retailer, or small business can keep
customers informed of store locations, hours, or photos for all their branch
locations everywhere, in real-time.

So if you’ve ever found the wrong information in a map, we’ve set out to help
you. Yext is there, behind the scenes, bringing you better and better results
each day.

This round was led by Deven Parekh at Insight Venture Partners, and included
our existing investors Marker LLC, Institutional Venture Partners (IVP), and Sutter
Hill Ventures. We are incredibly excited that Deven shares our long-term vision
to build the world’s best GeoMarketing Software company.

With over 50,000,000 locations around the world, we’ve got a lot of work ahead
of us. We’ll use the proceeds from this financing to continue our mission to get
perfect location information in every hand.

Onward.