# Yelp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yelp

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.yelp.com
- Total disclosed funding: $56M
- Latest round: Series E (Jan 27, 2010)
- Investors on record: 5

## About

Yelp Inc., based in the US, provides a versatile online platform that connects consumers with local businesses, facilitating user-generated reviews, recommendations, and interactions across diverse service sectors.Yelp Inc. operates a digital platform that connects consumers with local businesses. Founded in 2004 by Abied Hassan, Joanna McGowan, Kelly Stafford, and Michelle Andrews, the company is headquartered in San Francisco, US. Notable developments include its IPO filing in March 2012 under the ticker YELP, raising USD 107 mn through the sale of 7.15 million shares at USD 15 each. As of 2013, Bessemer Venture Partners exited their investment, and the company completed a PIPE funding round of USD 8.70 mn, bringing the total amount raised to USD 8.70 mn.Yelp Inc. operates a comprehensive online platform that connects consumers with local businesses, covering services such as restaurants, dentists, bars, beauty salons, and healthcare providers. Users can discover and review businesses, utilizing Yelp's listings and advertising services to enhance visibility. The platform primarily serves consumers in urban and suburban markets throughout the United States, Canada, and select international locations, catering to their specific needs for real-time information on local establishments.In the most recent fiscal year 2024, Yelp generated revenue of USD 1,412.06 mn, with an EBITDA of USD 216.31 mn. The company primarily earns revenue through advertising services, offering subscription-based advertising packages and performance-based pricing to businesses, allowing them to improve their visibility and customer engagement.Yelp plans to leverage its recent PIPE funding of USD 8.70 mn to support the development of new advertising products and enhance its platform. While specific upcoming products have not been detailed, the company is focused on expanding its geographic reach into new markets, aiming to strengthen its presence in both domestic and international locations. The strategy includes continuous improvements in user experience and business interactions, with the overall goal of increasing engagement and providing value to both consumers and businesses.

## Funding rounds

- Series E, Jan 27, 2010, $25M — Elevation Partners
- Series D, Feb 26, 2008, $15M — Benchmark, DAG Ventures, Bessemer Venture Partners
- Series C, Oct 5, 2006, $10M — Benchmark
- Series B, Nov 1, 2005, $5M — Bessemer Venture Partners
- Series A, Oct 6, 2005, $1M — Merck Global Health Innovation Fund

## Investors

- Merck Global Health Innovation Fund (https://capitalatlas.ai/funds/merck-global-health-innovation-fund) — Series A
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series D
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series C, Series D
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series D
- Elevation Partners (https://capitalatlas.ai/funds/elevation-partners) — Series E