A second wave of attacks began midday Friday after much of the eastern United States was affected in the morning. Sites affected included Etsy, ...
The consumer reviews platform vendor has raised $37 million since 2007.
Consumer review platform vendor PowerReviews announced today that is has raised $10 million in a new round of funding. The company has raised $37 million in backing to date and says it will invest the new capital in product development and expanding sales.
78 e-retailers ranked in Internet Retailer’s Top 500 Guide use the vendor’s platform, including CSN Stores (No. 51), OnlineShoes.com (No. 148) and Staples (No. 2). PowerReviews is the second-largest vendor of customer review services among e-retailers in the Top 500 Guide. Bazaarvoice counts 136 Top 500 e-retailers among its clients.
Four Rivers Group led the funding round and all existing investors, which include Menlo Ventures and Tenaya Capital , participated. A new investor, Woodside Fund, also took part. “PowerReviews’ seasoned team, pioneering technology and clear vision make it not only a major force in the social commerce space but also an ideal investment for our fund,” says Vince Occhipinti, Woodside Fund co-founder and managing director.
“Today’s announcement of additional funding is validation of our rapid revenue growth and market leadership,” says Pehr Luedtke, CEO of PowerReviews.