TrustYou, a Munich, Germany-based provider of online analysis of restaurant and hotel reviews, has raised $5m in its first round of funding.
The round was led by Credit Agricole Private Equity.
The company intends to use the funds to expand worldwide operations, mainly in the USA where the company has a Manhattan beach, CA-based subsidiary. To this end, TrustYou also acquired Review Analyst, a Dallas-based competitor.
This brings the total number of customers on its platform to over 6,000 globally including, Hard Rock Cafes, Best Western Hotels, Omni Hotels & Resorts, and Starwood Hotels.
Founded in 2008 and led by CEO and Benjamin Jost, TrustYou monitors, in 10 different languages, the world’s top travel review and social media sites, including Facebook, Foursquare, Google Places, TripAdvisor, Twitter, Yelp and blogs, for user-generated content related to a particular hotel and restaurant. The platform aggregates, structures, and reports opinions found in online reviews, comments, and posts and creates a comprehensive Global Review Score. The company also offers a range of application programming interfaces (APIs).