Bazaarvoice has raised their next series of financing, closing a $7.1M Series C round. The list of current investors came to the table again for Bazaarvoice, including Austin Ventures, Battery Ventures, First Round Capital, and European Founders Fund. The valuation for this round was not disclosed, of course, but was only described as an “up round” which is not a surprise. This round of financing brings the total amount of capital raised to $19.6M. The company reached profitability a while ago, but raised the Series B to escalate the rate of growth and invest further in new products. With this new round of financing, the company can grow faster on three different fronts. According to Sam Decker, Chief Marketing Officer, the company is growing internationally (France, Germany, UK, and now Asia), vertically in over 15 areas, and is investing in product and program expansion.

Worldwide headcount is at 200 today (mostly in Austin), and at this pace it will double to 400 in the next 12 months. That pace will outgrow their 6th office space in a little over two years. Maybe 7 will be the lucky number! It’s got to be a logistical challenge to move that frequently. I wish those types of problems upon your startup!

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