Suzy, a NYC-based market research software platform, closed a $50m Series D funding.
The round was led by H.I.G. Growth Partners, an affiliate of H.I.G. Capital and joined by existing investors Rho Capital Partners, Bertelsmann Digital Media Investments, Foundry Group, Triangle Peak Partners, and North Atlantic Capital.
With this funding round, Eric Tencer, Managing Director of H.I.G. Growth Partners, will join Suzy’s Board of Directors. In addition, Randall Beard, an individual investor in the Series D round, will also be coming on board to lead Suzy’s newly formed Customer Advisory Board.
The company intends to use the funds to bolster its product offerings, grow its proprietary consumer panel, expand rollout internationally and to new industry verticals, and invest in further accelerating sales and marketing efforts.
Founded in 2018 by Matt Britton, CEO, Suzy is a real-time market research platform that aims to advance human understanding between consumers and enterprises everywhere. Its audience-powered tools enable research from start to finish, helping enterprises make more intelligent decisions.
In only three years since its 2018 launch, the company has now surpassed $25 million in annual recurring revenue fueled by a portfolio of nearly 300 marquee global enterprise customers, including Microsoft, Citibank, Unilever, and KraftHeinz.