ContentSquare, a Paris, France-based SaaS digital experience insights platform, raised a $42m Series B funding.
The round was led by Canaan Partners, with participation from Highland Europe, Eurazeo and H14. In conjunction with the funding, Michael Gilroy, Principal at Canaan, joined the ContentSquare board.
The company will use the funds to continue to grow its business in the U.S. and globally.
Led by CEO Jonathan Cherki, who is based in NYC, ContentSquare provides a SaaS based digital experience insights platform that enables businesses to understand how and why users are interacting with their app, mobile and web sites.
The solution computes billions of touch and mouse movements every day in 191 countries, and transforms this knowledge into actions that increase engagement, reduce operational costs and maximize conversion rates. It is used by content, eCommerce, analytics, acquisition, IT and UX teams at companies worldwide, including Orange, Rakuten, Carrefour, Walmart, Tiffany’s, Clarks, Goldman Sachs, Abbott, SNCF, AccorHotels, L’Occitane and more.
The company previously raised a $20 million Series A fundraising closed in the fall of 2016 led by Highland Europe and supported by business angels from Seed4soft. Since then, ContentSquare has expanded globally, with offices in Paris, Munich, London and New York, and has grown to over 200 employees.