Cloud-based technical SEO platform DeepCrawl has today announced it has raised $19 million in a Series B funding round with Five Elms Capital and Beringea.
The round is being led by Five Elms, a growth equity and venture capital firm focused on B2B software companies.
To date, DeepCrawl has raised $25.8M through angel investments from Beaumont Capital and Series A funding led by Beringea. This latest funding round will primarily be used for R&D and investing in sales and marketing to drive greater market penetration in the U.S.
Today’s websites are becoming increasingly complex as brands continue evolving their online presence to provide cutting-edge user experiences to capture a greater share of web traffic, which grew by 8% in 2019.
DeepCrawl’s robust web crawler empowers marketers and SEO experts with actionable data-based insights to diagnose and fix technical issues, increase website visibility, and ultimately win more organic traffic and revenue. The company is trusted by 54% of enterprise brands as well as all six major global agency networks to monitor and improve site performance across digital properties.
DeepCrawl’s portfolio of customers includes IKEA, Shopify, Publicis, GroupM, Nestle and Intercontinental Hotels and Resorts.
“We’re excited to raise this round of funding in the U.S. as 60% of our revenue comes from North America,” said Michal Magdziarz, CEO of DeepCrawl.
“With increased user-generated content and frequent code releases, websites are more dynamic than ever before and it takes just one incorrect code input to see traffic plummet. This funding round will help us to continue expanding our solutions by focusing on integrating key SEO stakeholders: marketing and engineering teams.”
DeepCrawl offers true scalability of SEO data via its cloud-based platform that is much better suited to the needs of large enterprises compared to locally-based crawlers that run on a user’s computer.
“DeepCrawl has made waves in the UK and U.S. markets and we see strong potential in the company to make additional headway in North America as they build out their team here,” said Thomas Kershisnik, Managing Director at Five Elms.
“DeepCrawl brings years of SEO expertise to its game-changing automated solution for marketers. We see a long-standing growth opportunity as the company continues developing more solutions to meet ever-changing customer needs.”