The Qwant search engine has just raised 18.5 million euros from the German press group Alex Springer and Caisse des Dépôts, which has acquired a 15 million euro stake. The goal : Continue to conquer the European market and become a serious threat to Google.
What is Qwant ?
Reach 500 Million euros by 2021
This last operation brings to 53.5 Million euros the funds raised by the Corsican search engine for 4 years. Qwant reportedly recorded 2.6 billion requests last year. Every month, the number of requests registered on the engine increases by 20%, making it one of the 100 most visited websites in France. With this new lifting the anti-Google hopes to conquer 10% market share in Europe and thus reach a turnover of 500 million euros by 2021.
A start-up that does not forget where it comes from
Qwant now has 70 employees and hopes to reach a thousand employees within 4 years. This makes him one of the biggest European start-ups. However, the search engine does not forget where it comes from. Firstly, because it creates jobs in Corsica by recruiting employees based on the island in key positions. Then because it is the first search engine fully available in Corsican language. Finally because it plays a major role in the development of digital in Corsica. In addition to its partnership with the Sporting Club de Bastia, Qwant is a partner of the Corsican Tech and the events Bastia Ville Digitale, Ajaccio Quartiers Numériques…