French company Contentsquare to double its R&D team in Israel as company raises $ 500 million –

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French company Contentsquare to double its R&D team in Israel as company raises $ 500 million – fr


French digital analytics firm Contentsquare, which acquired Israeli start-up Clicktale in 2019, said on Wednesday it had raised a massive $ 500 million Series E investment at a valuation of $ 2.8 billion led by SoftBank Vision Fund 2.

The funds raised will help the company to further develop its core technology, strengthen its presence in Europe and the United States and expand into new markets in Asia. The company also plans to open 1,500 new positions globally and double the number of workers at the company’s R&D center in Ramat Gan, Israel, to 300 in the coming year, the company said.

Existing investors in the French company, founded by CEO Jonathan Cherki, include Eurazeo, Bpifrance, KKR, Canaan, Highland Europe, as well as funds and accounts managed by BlackRock – most of which have also participated in this ongoing cycle.

The Contentsquare platform analyzes customer behavior across billions of anonymous web, mobile, and app interactions, and turns that insight into intelligent recommendations that increase user conversion, revenue, engagement and engagement. growth, the company said.

The company said it has shown an annual growth rate of its recurring revenue of 121% over the past four years, with 50% of the business currently being generated in the United States. He also said that 30% of Global Fortune 100 companies in retail, luxury goods, entertainment, telecommunications, travel, automotive, B2B and finance are among his clients.

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Contentsquare employs 800 people in North America, Europe and Asia-Pacific countries. The Clicktale team forms the company’s R&D center in Ramat Gan and employs 150 people.

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