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Trustpilot Raises $55 Million To Grow B2B Software Review Platform

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.

Founded in 2007, Trustpilot now has more than 58 million reviews of over 265,000 businesses. Trustpilot said it plans to use the funding to enhance its platform, marketing strategies and people in an effort to drive greater transparency in the B2B review space.

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.”

Leadspace Secures $18M For Product Enhancements, Company Growth

leadspace placeitLeadspace, a predictive analytics platform provider, has raised $18 million in a round of funding led by Battery Ventures. The company plans to use the investment to expand its customer base and increase product innovations.

The investment also positions Leadspace to solidify its place within the predictive analytics market. The company has seen 3-times quarter-over-quarter growth in the past year and has more than 100 active customers.

"We're very pleased that investors have recognized the intrinsic potential of our best-in-class technology and expanding data partnerships that give us a competitive edge in the predictive analytics space," said Doug Bewsher, CEO for Leadspace.

Hive9 Secures $5.4 Million In Funding For Product Development

Hive9 placeitHive9, a marketing planning and performance management software vendor, announced $5.4 million in funding.

The investment round, led by LiveOak Venture Partners and Silverton Partners, will be used to further product development.

Hive9’s solutions are designed to provide marketers with insights to drive decisions which maximize revenue. The newly announced funds will help enhance the following offerings:

Hive9 Gameplan, which is designed to create an environment for collaborative, agile and customer-centric marketing planning. The solution aligns budgets and activities to financial targets and leverages actual performance data in real-time.

Hive9 Measure, which offers pre-configured dashboards, including Database, Email, Website, Waterfall and Campaign Performance. Measure is positioned to help marketers connect the dots between activity-based marketing metrics and their business impact.

Spun off from marketing agency Bulldog Solutions in April 2015 by CEO Darin Hicks, Hive9’s client list includes B2B brands such as TD Ameritrade, Zebra Technologies, Fiserv, Thomson Reuters and DocuSign.

"Marketing leaders are under more pressure than ever to quantify and increase marketing ROI. Our solutions are engineered to help them establish the right goals and optimize their marketing investments,” said Hicks. “Hive9’s solutions are implemented in as little as two weeks through a managed onboarding process, removing the need for customers to tap into IT resources and substantially decreasing time to value.”

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