Announced
Completed
Financials
Sources
Tags
software development
Software
Private Equity
United States
software-as-a-service
Minority
Venture Capital
Single Bidder
Acquisition
Private
Completed
Friendly
Synopsis
Algolia, a US startup company offering a web search product through a SaaS model, raised $110m in an Accel-led Series C funding round. Investors that participated in the Series C round also include Alven, DAG Ventures, Founders Circle, Owl Rock Capital, SaaStr Fund, and World Innovation Lab. Algolia will use the funds to support its tremendous growth by focusing on further global expansion across the US, Europe and Asia-Pacific. The new funding will also support research and development teams to continue innovating and evolving Algolia’s Search-as-a-Service platform, focusing on personalization, machine learning, and voice search capabilities.
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