Web search SaaS platform

The company is already in Dizraptor’s portfolio since Oct 10. New offerings are possible in the future

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About the Company

When you visit sites like Lacoste, Coursera, Twitch, or Under Armour and use search, you use Algolia. The company's product is something similar to a Google search for individual sites.

Algolia provides a search engine API that works across platforms and devices. Algolia's API aims to allow developers to build, optimize, and personalize search and discovery experiences for their users.

The company was founded in 2012 and has offices in Paris, San Francisco, Atlanta, New York City, London and Tokyo.

Market Opportunities

Companies are adopting enterprise search to improve their operational efficiency by controlling large amounts of data. Global Enterprise Search market size stood at $4B in 2020 and is projected to reach $6.8B in 2026 with expected CAGR of 13.6% in terms of revenue.

Algolia handles over 1.5 trillion search queries per year. The company serves more than 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste.

Financials and Valuation

In July 2021 Algolia raised $150M from Lone Pine Capital, Glynn Capital, Fidelity Management and others at a valuation of $2.25B. Compared to the Series C round from October 2019, the company’s valuation has more than quadrupled. It means that Algolia is now a unicorn with a valuation above $1B. Since its inception Algolia has raised $334M in funding over 9 rounds.

The CEO reported revenue in 2018 amounted to $40M with GAGR 100%. Now the company doesn’t share revenue numbers directly, but says that its annual recurring revenue has increased by 180% year over year.


Algolia faces strong competition from a number of firms, including its closest rival Elastic. This may negatively affect its long-term viability and valuation.


“Search API Startup Algolia Raises $150 Million at $2.25 Billion Valuation”, TechCrunch, Jul 2021

“Google Rival Algolia’s CEO Raised $110 Million, Then Hired His Replacement”, Forbes, May 2020

Dizraptor Application. Dizraptor is a platform for collecting orders and funds from investors for buying shares of private companies mentioned in offerings of special purpose vehicles (funds). Publisher does not guarantee the collection of sufficient funds for participation in a deal. There may be no active offers on the secondary market, or they may not match the amount of funds raised.

Eligible Purchasers. The interests in funds will be sold only to “accredited investors” as defined in Rule 501(a) of Regulation D. It also may be required that interests are sold only to “qualified purchasers” as defined in Section2(a)(51) of the Investment Company Act of 1940.

Offerings. Interests in the funds are sold in accordance with the exemption provided by Section 4(a)(2) of the Securities Act and Regulation D promulgated under the Securities Act, and other exemptions of similar import in the laws of the states where the offerings will be made. The funds mentioned in offerings will not be registered as investment companies under the Investment Company Act of 1940.

Past Performance. Past performance is no guarantee of future results. Any forecasts are inherently limited and should not be regarded as indicators of actual or future results.

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