Algolia raises $110m to support its tremendous growth

News

Algolia, the leading Search and Discovery solution, today announced $110 million in Series C funding led by existing investor Accel, including new investor Salesforce Ventures, and participating investors Alven, DAG Ventures, Founders Circle, Owl Rock, SaaStr Fund and World Innovation Lab.

Backed by Alven since its 2013 seed round, re-upped in both its Series A and more recently its Series B rounds, Algolia helps businesses take control of how people search, discover and find their products and content through a personalized, relevant experience.

Algolia’s search-as-a-service solution and suite of APIs have been experiencing explosive growth with over 8,000 customers using Algolia, including leading companies such as Stripe, Twitch, Slack, Intuit, Discovery Inc., Sephora, Lacoste, LVMH, and Birchbox, leveraging Algolia to deliver fast, engaging and relevant digital experiences that drive results. 

 

The company will use the funds to support its tremendous growth by focusing on further global expansion across the U.S., Europe and Asia-Pacific. The investment will also support research and development teams to continue innovating and evolving Algolia’s Search-as-a-Service platform, focusing on personalization, machine learning and voice search capabilities. 

 

As a believer in Algolia since its inception, Alven is proud to continue to supporting the team through the next stages of its growth, and wishes all the best to the team!


Share

Skarlett raises €4 million to reinvent the daily lives of people over 60

Skarlett is the brainchild of 3 seasoned entrepreneurs: Townley Le Guénédal (Innohealth), Aurélien Gouttefarde (Homeloop), and Benjamin Gaignault (Ornikar), who are on a mission to shatter age-old stereotypes about being 60 in 2023. Skarlett is a brand that finally responds to this generation’s main aspiration: to enjoy life!

Read

Alven expands its London team with a new associate hire

We’re truly delighted to welcome Alice Azzarelli as Alven’s new Associate in our London office.  Alice completed her studies at Science Po…

Read

Alven bolsters leadership team with Bartosz Jakubowski’s promotion to Partner

Bartosz has been a member of the Alven team since 2019, initially joining as Investment Manager and quickly rising through the ranks…

Read