SEMrush Delivers Double-digit User Base Growth and Successful Entrance Into Emerging Markets
- User base grew by 43% to more than 4.5m users
- SEMrush is now trusted by 1 in 4 Fortune 500 companies
- Successful entrance into Asian markets of Japan, China, and South Korea
SEMrush, the leading competitive intelligence and digital marketing SaaS platform trusted by more than 25% of Fortune 500 companies, announces that it has closed 2019 on a high note with record user growth, successful rollout of new key products, important geographic expansion and key additions to its executive leadership team.
After successfully raising $40 million in funding from Greycroft, e.ventures, Siguler Guff and other investors at the end of 2018, SEMrush began 2019 in a strong position, focused on R&D and expansion initiatives to support the growth of its user base and gain traction in new markets.
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Oleg Shchegolev, CEO and co-founder of SEMrush commented:
“This has been another year of tremendous growth for both SEMrush and our users. The amount of online content is growing exponentially every year, but consumers’ attention spans are not. This means the competition for eyeballs and traffic is intensifying by the minute and the cutting-edge tools that SEMrush offers are more relevant than ever.
“SEMrush’s evolution from a must-have single product to an entire ecosystem of vital digital marketing tools became a reality in 2019 with the successful rollout of new products such as Sellerly, Market Explorer, Oppty, Marketplace and more. Additionally, we have listened to our customers and significantly expanded our traffic analytics functionality and local SEO integration. I could not be prouder of what our team has achieved in 2019 and the momentum we have going into 2020.”
SEMrush is a leading SaaS company providing a platform of end-to-end digital marketing and SEM solutions to over 4.5 million customers in more than 150 countries. SEMrush’s platform and innovative digital marketing tools are trusted by leading brands, including Vodafone, Booking.com, eBay, HP, and BNP Paribas, as well as 25% of Fortune 500 companies.
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