Yelp Analysis
What is Yelp?
Yelp is a platform that connects users with local businesses through reviews and recommendations. Its unique approach leverages user-generated content to provide authentic insights into various services and establishments. This enables consumers to make informed decisions about where to eat, shop, and seek services in their neighborhoods.
Location
350 Mission Street, San Francisco, California 94105, United States
Employees
1001-5000
Founded
2004
Industry
SaaS, Marketplace, Social Platform
Product Features & Capabilities
- User reviews and ratings for local businesses
- Business listings with contact information and hours
- Yelp for Business tools for owners
- Advertising options for local businesses
- Cost guides for various services.
Use Cases
Discover local restaurants based on user reviews; Find healthcare providers with verified ratings; Research service providers like plumbers or electricians; Compare local businesses in various categories; Read customer experiences before making a purchase.
Other Considerations
Founded in 2004; Serves millions of users across various cities; Offers a mobile app for on-the-go access.
Funding History
- Seed Round: March 1, 2004 - Amount obfuscated, led by HVF Labs.
- Series A: July 1, 2004 - Amount obfuscated, no lead investor listed.
- Series B: October 1, 2005 - Amount obfuscated, led by Bessemer Venture Partners.
- Series C: November 2006 - Raised $10 million from Benchmark Capital.
- Series D: February 2008 - Raised $15 million from DAG Ventures.
- Series E: January 27, 2010 - Raised $100 million from Elevation Partners, with $75 million for purchasing equity and $25 million for sales staff and expansion.
