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.