Reginal Thomas
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Yext Raised $50 Million In Its Recent Round of Funding


Yext, the company that aids businesses in managing local listings and campaigns on the web, has raised $50 million in a Series F round of financing. This gives the company a $525 million post money valuation. Insight Venture Partners's Deven Parekj with help from Marker, IVP and Sutter Hill Ventures. The New York based company's revenue has grown 62% in 2013 from $34 million to over $55 million in 2014. Yext plans to use the funding as a means to expand further internationally and prepare for its 2015 IPO.