Trustpilot, an independent online review platform for business and consumers, secured $20m in debt financing.
Silicon Valley Bank provided the funds.
The company intends to use the proceeds for continued technology and product innovation in data-driven customer insights, analytics and automation and growth in the US, Europe and Australia.
Founded in 2007 by Danish entrepreneur CEO Peter Mühlmann, Trustpilot provides a SaaS-based review platform for consumers and businesses to build two-way trust online. It now hosts more than 34 million consumer reviews of more than 180,000 businesses.
While many companies use the platform for free, other customers pay for additional premium services such as automated invitation, review display and data insight services.
Trustpilot today employs 550 people in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius.