SimilarWeb, the Leader in Digital Market Intelligence, Secures $47 Million in New Funding

Or Offer

Or Offer

San Francisco, CA – July 25, 2017 – SimilarWeb, the leading digital market intelligence company, today announced that it has raised $47M in growth equity funding.  With this investment, SimilarWeb increased its total funding to date to $112M and has evolved into one of the fastest growing SaaS companies in the world. The round was led by Viola Growth, a leading growth equity investor in Israel, in collaboration with Saban Ventures. Additional participating investors included CE Ventures, among others.

In an environment where market disruption increases competition between brands, industry veterans are displaced by digital-first newcomers, and new categories are created daily, businesses are increasingly relying on market intelligence solutions to benchmark internal data in the context of the market landscape. Market intelligence provides essential insights on competitors, industry and audience that enable companies to capitalize on market opportunity and increase market penetration.

“The digital market intelligence space continues to grow exponentially, and is increasingly disrupting the $68 billion market research industry as well,” said Or Offer [pictured], CEO of SimilarWeb. “SimilarWeb has emerged as the industry standard in market intelligence, redefining the way companies across the spectrum assess and maximize their market share. We are in a strong financial position – doubling revenue over the past 12 months – and with this investment will continue to meet the increasing demand we see for our solutions from brands and agencies around the world.” More...