Yext operates a digital presence platform for multi-location brands. The company announced a $200 million senior secured term loan facility to support growth initiatives and pursue strategic acquisitions. The financing replaces Yext’s revolving credit facility with Silicon Valley Bank that was set to expire at the end of 2025. Yext said the refinancing increases its access to capital and optimizes its debt structure, providing additional flexibility to execute long-term strategy while maintaining disciplined leverage. Company leadership framed the facility as strengthening the balance sheet and enabling investment in products, partnerships, and strategic moves. The debt was provided by funds and accounts managed by BlackRock. Yext provides geomarketing software and a subscription-based platform that lets businesses manage local content and listings across multiple sites. The company began as a pay-per-call advertising business at TechCrunch50 in 2009 and later sold that ad business to IAC’s CityGrid Media as it shifted to SaaS. Yext reports handling data for more than 300,000 active locations and generated $34 million in revenue last year, a 136% increase from 2012. Management said the company has already hit a $55 million run rate and is targeting $55 million in revenue for the current year. CEO Howard Lerman emphasized predictable subscription revenue and said Yext should be profitable in 2015. The company plans to use new funding for R&D, international expansion (Germany, Australia, the U.K., and Canada), and additional acquisitions following its first purchase made about a month prior. Yext is focused on its PowerListings product, which ensures business information is kept current across many local search and listings sites. The company says it has powered 950,000 location updates for 50,000 businesses, including 68,000 address changes, 109,000 phone-number changes, 150,000 hours-of-operation updates, 160,000 photo updates, and over 250,000 featured product updates. A new version of the product was due the week after the article, and the recently announced funding will be used to further develop the product. Earlier this year Yext spun off its pay-per-call advertising service into a wholly owned subsidiary called Felix. Yext is based in New York and may open an office in Silicon Valley. The company has raised a total of more than $65 million to date. Yext is a New York City–based business listings company focused on managing and enhancing businesses' online listings. Its core product, PowerListings, synchronizes and enriches organic business listings across a network of premium sites and mobile apps. PowerListings lets businesses control their listings from a single point to correct basic information, add photos and special offers, and receive tracking and reporting on searches and profile views. The company raised $10M in funding to develop and advance the PowerListings technology. Yext was founded in 2006 by CEO Howard Lerman, President Brian Distelburger and Brent Metz. The company is actively hiring for more than 50 open positions. Yext is a New York City-based Internet advertising company. Its core product centers on local advertising on the web and pay-per-action phone calls. The company said it will use the funding to accelerate growth of its pay-per-action phone call business. CEO and co-founder Howard Lerman said Yext plans to aggressively grow the company and the technology to continue providing the best local advertising experience on the web. Financially, the company secured a $25M funding round to support those growth plans. GCA Savvian served as exclusive financial advisor on the transaction.

Total raised

$312M

Funding rounds

5

Latest round

Debt Financing

Latest activity

May 2025