SimilarWeb raises $47 million in latest funding round

SimilarWeb’s expertise lie in evaluating the performance of websites and mobile apps.

On Tuesday, SimilarWeb, an Israeli-U.S. tech firm whose platform helps track the performance of websites of companies and mobile apps disclosed it has raised $47 million in a fundraiser that was led by equity investor Viola Growth.

The other investors who participated in the funding round include, CE Ventures and Saban Ventures. The company has so far raised $112 million.

SimilarWeb stated it will use the new investment to expand its global footprint, establish consulting services, build next generation solutions and invest in data coverage.

“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,” said Or Offer, the company’s Chief Executive.


Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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