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New York ad tech startup Yext raised $50 million in venture funding, CEO Howard Lerman revealed today.
“This is the last round before we go public,” Lerman told Adweek. He expects to take the software services company public next year.
Yext, founded in 2006, has had to adjust its business over the years. At first, it hoped to be a next-generation Yellow Pages, helping small and medium-sized businesses execute online direct marketing.
Now, 300 large enterprises and thousands of small businesses use Yext to manage their information online.