Yext

Yext generates revenue through annual SaaS subscriptions where enterprise clients pay to manage their digital knowledge across the Yext platform. The company does not deploy invested capital into portfolio companies, funds, or co-investments — it is an operating software business, not an asset manager. As of its fiscal 2024 filings, the firm reported over $400M in annual recurring revenue.

Yext is a publicly traded enterprise software company listed on the NYSE under ticker YEXT. It is not a family office, asset manager, or allocator. Founding CEO Howard Lerman transitioned to a board role in 2022, and Michael Walrath now leads the firm as CEO — standard public-company governance rather than a family office structure.

As an operating company, Yext does not have an investment committee or CIO allocating capital. Strategic investment decisions — including the 2024 acquisition of Hearsay Systems — are made by CEO Michael Walrath and the board. The firm does not run a corporate venture arm or deploy third-party capital.

No. Yext is a publicly listed SaaS company with no known allocation to venture funds, private equity, hedge funds, or direct co-investments. Its capital deployment is limited to business operations, share buybacks authorized by its board, and corporate M&A transactions such as the Hearsay Systems acquisition.

Yext's platform serves clients across financial services, healthcare, retail, hospitality, and telecom, with sector-specific knowledge graph schemas for regulated industries. The 2024 Hearsay acquisition deepened its focus on financial services compliance. Publicly disclosed customers include Verizon, Marriott International, and T-Mobile.