Popular review website raised millions of funding

Review site Trustpilot raises €48 million

Popular review website raised millions of funding. Source: shutterstock.com

International review website Trustpilot has raised $55 million – about 48.5 million euros – during a Series E investment round, led by Sunley House, Ecommerce News reports. With the fresh capital, Trustpilot wants to strengthen its position as market leader in several countries by investing in marketing, personnel, and its technology platform.

In the United Kingdom, but also in the US and several other countries (across Europe), Trustpilot claims to be a market leader. According to the company, it’s even one of the top 1% most visited websites worldwide. The online platform was founded not so long ago, in 2007.

There has never been a greater need for trust online and in the world. Our open and transparent approach is crucial. It empowers consumers and companies to collaborate, innovate and improve together and that’s what builds lasting brand trust
Peter Mühlmann, Trustpilot founder and CEO

Trustpilot now has over 58 million reviews of more than 265,000 company domains from about 150 countries. Its brand is seen more than 3.5 billion times online each month.

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