Total amount raised
$130.5 Millions
Latest funding date
11/1/2012
Location
Bazaarvoice has successfully raised significant funding through multiple rounds, with notable investors including Constantin Partners and Battery Ventures.
The platform specializes in user-generated content to enhance shopper experiences, offering a range of services from ratings and reviews to social commerce.
What Is Bazaarvoice?
Bazaarvoice, founded on May 1, 2005, in Austin, Texas, was established by Brant Barton, Brett Hurt, and Sam Decker. The company specializes in turning social media into social commerce, enabling authentic customer-powered marketing.
With a workforce of 1001-5000 employees, Bazaarvoice offers a platform that leverages user-generated content to enhance the shopping experience. Their solutions include ratings and reviews, social commerce, product sampling, and more.
By connecting brands and retailers to the voices of their customers, Bazaarvoice helps inspire confident purchases and drive sales, making it a key player in the SaaS industry.
How Much Funding Has Bazaarvoice Raised?
- Series A
- Amount Raised: $4M
- Date: May 2006
- Lead Investors: Austin Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and scale early operations.
- Series B
- Amount Raised: $8.8M
- Date: September 2007
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product offerings.
- Series C
- Amount Raised: $7.1M
- Date: June 2008
- Lead Investors: Austin Ventures, Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology for brands to utilize consumer-generated content.
- Post-IPO Equity
- Amount Raised: $103.9M
- Date: June 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Post-IPO Equity
- Amount Raised: $6.7M
- Date: November 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product offerings and technology.
Total Amount Raised: $130.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Austin Ventures
- Details: Austin Ventures is a venture capital firm based in Austin, Texas. They have a strong presence in the technology sector and have been active investors since 1984.
- Investment Focus Areas: Technology, Software, Internet.
- Notable Investments: HomeAway, RetailMeNot, SolarWinds.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm. They invest in companies at all stages, from seed to buyout.
- Investment Focus Areas: Software, IT infrastructure, Industrial technology.
- Notable Investments: Akamai Technologies, Glassdoor, Nutanix.
- Constantin Partners
- Details: Constantin Partners is a private equity firm that focuses on growth investments. They have a history of supporting companies in various stages of development.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Bazaarvoice?
As Bazaarvoice looks to the future, the company is poised to capitalize on the growing reliance on consumer-generated content. With high-profile clients like Dell, Petco, and The Home Depot, the potential for expanding its technology offerings is immense. The consumer-generated content market is expanding, providing a significant opportunity for Bazaarvoice to enhance its platform and attract more clients.
Future fundraising opportunities seem promising, especially with the backing of prominent venture capital firms like Austin Ventures and Battery Ventures. These firms' continued support could pave the way for additional funding rounds, enabling Bazaarvoice to scale operations and explore new markets. However, the company will need to navigate challenges such as competition and rapid technological advancements to maintain its market position.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Bazaarvoice and gather other critical business insights. Sign up for free today and elevate your sales strategy with the power of detailed, actionable information.
