The summer of 2022 is already shaping up to be a record high for French tech funding. Because, according to the EY barometer, after a very nice month of June, Contentsquare announces a fundraising of $600 million. This funding consists of a new funding round of €400 million led by Sixth Street International Investment Fund and $200 million in debt.
Contentsquare, a global leader in website and app performance analytics, is one of France’s Tech locomotives. The company sells software tools to analyze the Internet user’s behavior on a website or a given application (mouse or finger movements on the screen, time spent on the page, movement on the website, etc…) and thereby maximize “conversion rate”, that is, the Internet user’s propensity to purchase the offered products or services. More than 1,000 large companies are now using its solution worldwide.
More than 100% annual growth
Many existing investors: Bpifrance, Canaan, Eurazeo, Highland Europe, KKR, SoftBank Vision Fund 2 and
Funds and mandates managed by BlackRock also participated in this operation. After fundraising in late May 2021, Contentsquare’s valuation doubled to $5.6 billion.
This funding will enable Contentsquare to further invest in innovation, particularly through new acquisitions, and accelerate its international development. In the last three years, the company has already made six acquisitions.
Founded and led by Jonathan Cherky, the company boasts annual recurring revenue (ARR) of several hundred million dollars and annual growth of over 100%. “We have a clear vision of our development for the next twenty years. this is just the beginning of the adventure“, assures the executive director.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.