About Trustpilot
Trustpilot is a company based in New York (United States) founded in 2007 by Peter Holten Muhlmann.. Trustpilot has raised $180.33 million across 9 funding rounds from investors including SVB, Molten Ventures and Draper Esprit. The company has 988 employees as of December 31, 2024. Trustpilot operates in a competitive market with competitors including Peoople, Frilp, Shadow, RateItAll and MouthShut, among others.
- Headquarter New York, United States
- Employees 988 as on 31 Dec, 2024
- Founders Peter Holten Muhlmann
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trustpilot Group Plc
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Annual Revenue
$206.64 M (USD)16.25as on Dec 31, 2024
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Net Profit
$6.11 M (USD)-14.69as on Dec 31, 2024
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EBITDA
$14.28 M (USD)77.49as on Dec 31, 2024
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Total Equity Funding
$180.33 M (USD)
in 9 rounds
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Latest Funding Round
$55 M (USD), Series E
Mar 04, 2019
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Investors
SVB
& 9 more
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Employee Count
988
as on Dec 31, 2024
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IPO & Listings of Trustpilot
Trustpilot is a publicly listed company on the LSE with ticker symbol TRST in UK, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Trustpilot
Trustpilot has successfully raised a total of $180.33M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $55 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $55.0M
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First Round
First Round
(30 Jun 2008)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series E - Trustpilot | Valuation | Sunley House Capital Management | |
| Oct, 2017 | Amount | Debt – Conventional - Trustpilot | Valuation |
investors |
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| Jan, 2017 | Amount | Series D - Trustpilot | Valuation | Molten Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Trustpilot
Trustpilot has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Molten Ventures and Draper Esprit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth investments are managed by this private equity firm.
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Founded Year | Domain | Location | |
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Growth equity investments are directed toward expanding startups across sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Trustpilot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Trustpilot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Trustpilot Comparisons
Competitors of Trustpilot
Trustpilot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Peoople, Frilp, Shadow, RateItAll and MouthShut, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Social platform to discover places based on public recommendations
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| domain | founded_year | HQ Location |
Local services are recommended through a web-based platform.
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| domain | founded_year | HQ Location |
Platform to provide & discover reviews
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| domain | founded_year | HQ Location |
Rating platform for customers
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| domain | founded_year | HQ Location |
Operates an online platform for rating and reviewing products and services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Trustpilot
Frequently Asked Questions about Trustpilot
When was Trustpilot founded?
Trustpilot was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Trustpilot located?
Trustpilot is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Trustpilot?
Peter Holten Muhlmann is the current CEO of Trustpilot. They have also founded this company.
Is Trustpilot a funded company?
Trustpilot is a funded company, having raised a total of $180.33M across 9 funding rounds to date. The company's 1st funding round was a Series D of $6.9M, raised on Jun 30, 2008.
How many employees does Trustpilot have?
As of Dec 31, 2024, the latest employee count at Trustpilot is 988.
What is the annual revenue of Trustpilot?
Annual revenue of Trustpilot is $206.64M as on Dec 31, 2024.
What does Trustpilot do?
Trustpilot was established in 2007 and is headquartered in New York, United States. As an online review platform, it operates in the consumer feedback sector by collecting user reviews from search engines, social media, and business websites. These reviews are utilized to provide customer insights, enhance business credibility, and support informed decisions by other users. The service covers multiple local businesses globally.
Who are the top competitors of Trustpilot?
Is Trustpilot publicly traded?
Yes, Trustpilot is publicly traded on LSE under the ticker symbol TRST.
Who are Trustpilot's investors?
Trustpilot has 10 investors. Key investors include SVB, Molten Ventures, Draper Esprit, Sunley House Capital Management, and Vitruvian Partners.
What is Trustpilot's ticker symbol?
The ticker symbol of Trustpilot is TRST on LSE.
What is Trustpilot's valuation?
The valuation of Trustpilot is $470.28M as of Mar 2019.