Algolia allows developers to customize user search and recommendations across platforms.

Mark Price
$29.24 +140% a year
Annual Price chg.
Funds Raised
Last Round
$150M 2021
Round Date
2021, D

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.

Business Growth Phase

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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 $4.46B in 2021 and is projected to reach $8.78B in 2027 with expected CAGR of 11.95% in terms of revenue.

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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

Since its inception Algolia has raised $334M in funding over 9 rounds. 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.

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 Elasticsearch. This may negatively affect its long-term viability and valuation.

Low liquidity: investing in private companies at the pre-IPO stage is an opportunity to make money over a few years. If you exit early, the price may be significantly different from the purchase price or the selling process may take more than 1 month.