Sequoia Capital leads Second round of financing for AICC Member Kenshoo Ltd.
Recent up round of funding will allow Kenshoo Ltd. to explore new markets and expand global presence.
(March 3, 2009)
Kenshoo Ltd. announces that it has secured further investment from Sequoia Capital and Arts Alliance to fuel its aggressive growth experienced worldwide. Kenshoo Ltd. is the owner of KENSHOO SEARCH™, a revolutionary platform for Search Engine Marketing.
Kenshoo Ltd. experienced an exceptional 2008, exceeding all financial and pre-defined success targets including significant global expansion of the client base across North America, Europe, Asia and Asia Pacific. This round of funding will enable the company to continue its global expansion, reach new markets, scale faster and tap into new business areas.
“Kenshoo has built a fabulous roster of happy customers over the last year and now – while others have flipped into reverse gear – is the time for us to move into overdrive. Hence our decision to provide the financing required for Kenshoo to expand into new markets, deepen its sales coverage and hire more engineers. Kenshoo and their management team have proven their commitment to being the best and we are confident they are on the path to becoming the marketing leading provider of SEM technology.” Says Mike Moritz, Sequoia Partner.
“Kenshoo is operating in a space where the need is unbelievably high, focused and diverse all at the same time. This is one of the classic rare cases where sophisticated, well-built, next generation technology can make a life change for companies who are looking to effectively and swiftly handle market changes and optimize their business. These customers want to maintain control and quality assurance, and see proven results when it comes to their online sales and marketing activities” said Nir Cohen, Kenshoo Ltd. CTO and Co-founder.
Kenshoo is known among industry experts for their high-class robust innovative platform, KENSHOO SEARCH. The unique holistic approach to Search Engine Marketing has set Kenshoo apart from the competition, and their focus on Quality Management™ shows their vision and thought leadership in building a true end-to-end SEM platform.
“We are experiencing aggressive and demanding growth with the industry’s most strategic partners. This up round of financing was conducted in a short time period and it gives us, our investors, and our partners greater assurance that we will remain a leader going forward and provides us with the ability to surge ahead in new markets and endeavors” said Yoav Izhar-Prato, Kenshoo Ltd. CEO. “Working with ground breaking and market leading companies such as Omnicom, Zappos, CafePress, Hitwise, TextBooks.com, iREP, LinkShare, and Lastminute.com, we have successfully positioned ourselves to become the market leader of SEM Technology and innovative solutions” added Yoav.
Kenshoo joined AICC at the US-Israel Web 2.0 Business Exchange in September 2008. Kenshoo is the provider of KENSHOO SEARCH, the only 3rd generation end-to-end search marketing platform. Built utilizing the Quality Management™ approach, KENSHOO SEARCH enables marketers to optimize every aspect of their campaigns to achieve maximum ROI. Kenshoo’s automation and optimization technology is being used today by ad agencies and advertisers on five continents and in dozens of languages. Kenshoo is backed by venture capital firms Sequoia Capital and Arts Alliance.