Danish SaaS company Siteimprove hasn't waited until after the end-of-year holidays to announce a significant capital increase. American global growth equity firm Summit Partners this morning revealed that it has taken a minority stake in the company for $55 million.
Founded in Copenhagen back in 2003, Siteimprove essentially enables publishers, marketers and other Web professionals to manage and optimise their online presence through automated quality assurance, accessibility compliance, SEO and analytics.
The company currently boasts 3,500 customers from around the globe, and employs 260 staff across 11 worldwide offices. Its client base mostly consists of companies in the fields of financial services, government, technology, pharmaceuticals, education, among others.
The fresh cash will serve to scale internationally, and boost sales and marketing efforts as well as product development. Antony Clavel, a vice president at Summit Partners, will join Siteimprove's board of directors as part of the investment agreement.
Earlier this month, Summit Partners also invested 31 million euros in Berlin-based Signavio. Other investments include Uber, Avast, Darktrace, Infor and Clarabridge.