DeepCrawl, a cloud-based web crawler, raised $19 Million in a Series B funding round. Five Elms, a growth equity and venture capital firm focused on B2B software companies, led the financing round.
The Series B round brings the company’s total raised to date to $25.8 million. According to the company, this latest funding round will primarily be used for R&D and investing in sales and marketing to drive greater market penetration in the U.S.
Today’s websites are becoming increasingly complex as brands continue evolving their online presence to provide cutting-edge user experiences to capture a greater share of web traffic, which grew by 8% in 2019.
The DeepCrawl web crawler empowers marketers and SEO experts with actionable data-based insights to diagnose and fix technical issues, increase website visibility, and ultimately win more organic traffic and revenue. The company’s web crawler is used by 54% of enterprise brands and all six major global agency networks to monitor and improve site performance across digital properties. The company’s clients includes IKEA, Shopify, Publicis, GroupM, Nestle, and Intercontinental Hotels and Resorts.
“DeepCrawl has made waves in the U.K. and U.S. markets, and we see strong potential in the company to make additional headway in North America as they build out their team here,” said Thomas Kershisnik, Managing Director at Five Elms. “DeepCrawl brings years of SEO expertise to its game-changing automated solution for marketers. We see a long-standing growth opportunity as the company continues developing more solutions to meet ever-changing customer needs.”
“We’re excited to raise this round of funding in the U.S. as 60% of our revenue comes from North America,” said Michal Magdziarz, CEO of DeepCrawl. “With increased user-generated content and frequent code releases, websites are more dynamic than ever before and it takes just one incorrect code input to see traffic plummet. This funding round will help us to continue expanding our solutions by focusing on integrating key SEO stakeholders: marketing and engineering teams.”
Orrick advised DeepCrawl on the Series B funding round.
Image Credit: DeepCrawl