Contentsquare raises $ 60 million in a third round of Eurazeo-led (C-Series) financing, raising its venture capital funding to a total of $ 120 million since 2016.
This fundraising is a milestone for the user experience analysis and optimization platform as the company accelerates its AI development and predictive analytics.
Contentquare, the leading user experience analysis and optimization platform, today announced a $ 60 million fund-raising event following a third round of Eurazeo-led financing, a leading investment. This new capital contribution will help EnvironmentQuad intensify its research and development activities, especially in artificial intelligence and predictive data analysis; and support its
development in the American, European, Asian and Middle Eastern continents.
All the company's historical investors participated in this new round of fundraising. "Companies are more than ever aware that improving the online customer experience has become a critical issue"says Jonathan Cherki, founder and CEO of Contentsquare. "With this new lift
We are accelerating the development of our solution, notably by improving our data-processing technologies to deliver even more numerous and increasingly intelligent analytics. Online and offline, this will provide retailers and brands with better return on investment and identification of new business opportunities, while enabling data-driven decisions to enhance their digital experience – a major environmental challenge ultracompetitive of digital today. "
By capturing user behaviors – through billions of tactile gestures and mouse movements – and then analyzing these data, Contentsquare provides its customers with action levers to generate more customer engagement, reduce operating costs, and maximize rates
conversion. Used by digital teams, as well as teams of content, product, analysis, acquisition, IT or UX; Contentquare innovates to better support the leading brands in its digital transformation. The company currently works with many companies
among the biggest names in commerce, luxury, tourism, hospitality, automotive, finance and insurance; such as Walmart, Samsung, Sephora, Tiffany, LVMH, Accorhotels, Avis, BNP, GoPro, Ikea or Nissan to name just a few.
"We are delighted to be part of this new round of funding alongside Contentsquare and we are very confident with the rapid growth of your products. Your leaders are able to work together to succeed and give priority to their customers as they have always been. "says Yann Rusquec, CEO of Eurazeo Growth. "Because of its unique role in helping companies to truly engage with their users and create quality digital experiences, we believe Jonathan Cherki's innovative look at predictive expertise
will bring strong growth to this vast market. "
An enthusiasm shared by Virginie Morgon, President of the Executive Board of Eurazeo: "We are very pleased to renew our support for Contentsquare, a company whose ambitions and potential are perfectly in line with our Growth Equity strategy."
Since announcing its fundraising in January 2018, Contentsquare continued its development with the launch of CS Live and AI Alerts, two technologies that provide companies with real-time customer experience analysis. With CS Live, Contentsquare customers can view key customer experience metrics directly on their site and without using a dashboard. Alerts is Contentsquare's newest monitoring system. It allows companies to detect anomalies in the online experience and react quickly to create more engagement without manual intervention.
The innovations introduced by the company last year allowed it to grow more than 100% and attract customers from all sectors in more than 100 countries.
In 2018, Contentsquare was named one of the most promising startups in Europe by WIRED magazine.
To learn more about Contentsquare, visit: www.contentsquare.com
– Council of the company Content Square: IC Avocats, Julie Herzog
– Eurazeo Council: Baker McKenzie: Matthew Grollemund, Hélène Parent, Raphaël Sendowski