Total amount raised
$130.5 Millions
Latest funding date
11/01/2012
Location
Bazaarvoice has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform leverages user-generated content to enhance the shopping experience for consumers and drive business growth for brands and retailers.
Keep reading to explore the intricacies of Bazaarvoice's fundraising journey and the investors backing this innovative platform.
What Is Bazaarvoice?
Bazaarvoice, founded in 2005 in Austin, Texas, is a leading platform for user-generated content (UGC) solutions. The company was established by Brett Hurt and Brant Barton to help brands and retailers harness the power of customer voices.
With a focus on enhancing the shopping experience, Bazaarvoice offers services like ratings and reviews, social commerce, and product sampling. The platform connects businesses with authentic consumer feedback, driving engagement and sales.
Today, Bazaarvoice employs over 800 people, continuing to innovate and expand its reach in the UGC space. The company's commitment to authentic shopper experiences remains at the core of its mission.
How Much Funding Has Bazaarvoice Raised?
- Amount Raised: $7.1 million
- Date: June 2008
- Lead Investors: Austin Ventures and Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand Bazaarvoice's technology for brands to utilize consumer-generated content.
Bazaarvoice has raised a total of $7.1 million. The current valuation is Not publicly disclosed.
Key Investors
Here are some of the major investors in Bazaarvoice:
- Austin Ventures
- Details: Austin Ventures is a venture capital firm based in Austin, Texas. They have been investing in early-stage and growth companies for over 30 years.
- Investment Focus Areas: Technology, software, business services
- 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 growth and buyout.
- Investment Focus Areas: Software, industrial technology, consumer
- Notable Investments: Glassdoor, Nutanix, Sprinklr
What's Next for Bazaarvoice?
As Bazaarvoice looks to the future, the opportunities are vast. The company can expand its technology offerings, leveraging relationships with major clients like Dell and Petco. The growing market for consumer-generated content presents a significant opportunity for growth.
Future fundraising seems promising, given the successful $7.1 million round. This capital can help Bazaarvoice scale its operations and innovate further. However, challenges such as competition and the need for continuous technological advancements remain. Ensuring data privacy and managing user data responsibly will also be critical as they navigate this competitive landscape.
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