[Techtaffy Newsdesk]
Yext, a company that syncs business listings on 50+ publishers, has closed a $27 million Series E investment led by Marker. Marker is a new fund launched by Rick Scanlon, the founder of Crescent Point Capital Group. Also participating in the round is CrunchFund and existing Yext investors, Sutter Hill Ventures, Institutional Venture Partners (IVP), and WGI Group. The capital will be used to expand the Yext platform,
Yext curently powers local information for 50,000 businesses on 50 sites. Since September, Yext has powered 950,000 distinct location updates, says the company.