Trustpilot, a B2B software and service review platform, secured $55 million in a Series E equity investment round. The funding was led by Sunley House Capital Management, with additional participation from Vitruvian Partners, Draper Esprit, Index Ventures, Northzone and Seed Capital.
As part of the funding, Mohammed Anjarwala, Managing Director at Sunley House Capital Management, will join Trustpilot’s Board of Directors.
“Trustpilot offers a powerful value proposition to businesses, enabling them to improve their digital marketing efficiency and enhance customer engagement,” said Anjarwala in a statement. “We believe that the company has significant opportunities for continued growth, both in its core UK market and internationally, and look forward to supporting the Trustpilot team.”
Trustpilot, a customer review platform, released Transparent Flagging, a new feature that aims to give buyers a view into how companies flag reviews and the investigation process that follows. The company said the release was part of a larger Trustpilot initiative to bring greater transparency to its platform and the review industry as a whole.
TrustRadius, a B2B software review site, announced the addition of four new hires across engineering, finance, sales and marketing. The company, which has more than doubled its website traffic over the past year, said the expanded executive team will help support and accelerate company growth.