VC firms back €48.5m series-E for Trustpilot

Advent International affiliate Sunley House Capital Management led the round, while Vitruvian Partners, Draper Esprit, Index Ventures, Northzone and Seed Capital also took part.

The fresh capital will be invested in marketing, technology and recruitment, according to a statement.

Previous funding
Trustpilot first raised capital in January 2011 when Seed Capital invested DKK 5.5m. This was followed by a Northzone-led round of €3.3m in November that year.

Northzone followed its first investment with an undisclosed top-up in November 2012, taking the VC's stake to 35%. Index Ventures joined the investor group a month later, leading a €10m fourth funding round alongside Seed Capital and Northzone.

In January 2014, DFJ Esprit led a $25m series-C for the company, before Vitruvian led a $73.5m series-D just over a year later.

Draper Esprit announced it had doubled its equity stake in the company in January 2017, injecting £5.5m.

Company
Founded in 2007, Trustpilot is an online multi-language review company that enables consumers to leave positive or negative reviews about an online merchant. Based in Copenhagen, Denmark, the company has additional offices in New York, London, Denver and Melbourne. It employs 800 people.

People
Trustpilot – Peter Mühlmann (CEO).

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• Topics
• Expansion
• Nordics
• Consumer
• Denmark
• Venture
• Vitruvian Partners
• Index Ventures
• Northzone
• Draper Esprit
• SEED Capital