Trustpilot Secures $20 Million

Internet & IoT startup Trustpilot closed $20 million in debt financing from Silicon Valley Bank.

Trustpilot is a global online business review community. Currently boasting 21 million consumer reviews of 135,000 businesses, Trustpilot helps empower consumers who are considering purchasing a product or service by providing them with easy access to the information they value most — the experience of others. The platform also helps businesses generate actionable insights through real-time analytics of customer review data.

In its announcement, the company said the funds will help Trustpilot accelerate its rapid growth as it seeks to become the leading independent review platform for businesses and consumers.