Trustpilot Group plc, founded in 2007, is aDanish consumer business that operates areview website hosting reviews of businesses worldwide. As of June 2025, Trustpilot hosts 330 million reviews and 60 million monthly active users. The site offersfreemium services to businesses. It has been criticised for the publication of fake reviews and for allowing companies to remove negative reviews.
After raising $3 million in earlyventure funding from 2008 to 2010, Trustpilot received an initial capital injection from SEED Capital Denmark and Northzone in November 2011.[5] One year later,Index Ventures, SEED Capital Denmark and Northzone invested $13 million inSeries B funding in Trustpilot, which the company used for international growth.[6]
In 2013, Trustpilot opened offices inNew York andLondon. In the same year, the company was named Danish Startup of the Year atNext Web's European Startup Awards.[7] In 2014,Draper Esprit (formerly known as DFJ Esprit) invested $25 million in Trustpilot, along with support from the existing investors.[8] According toVentureBeat, the Series C funding round would help Trustpilot "bring its online retail reviews service to the U.S."[9] At the end of 2014, Trustpilot employed 325 people and 400,000 new reviews were posted each month.[10] According to Website Magazine, "Trustpilot soared in 2014," and experienced "record growth with an 80 percent year-over-year increase inrevenue.[11]
In May 2015, Trustpilot received $73.5 million in Series D funding.[12] The investment was led byVitruvian Partners, with contributions from all existing investors.[13] In March, 2015,Google announced it was launching product ratings in Germany, the UK and France. In order to do this, "Google is aggregating data in Europe from different sources" including third party aggregators like Trustpilot.[14]
In February 2020, the BBC reported that Trustpilot had removed at least 2.2 million fake reviews.[15][16] Of these fake reviews, 1.5 million were deleted with fraud protection software and 600,000 were removed manually. 469,000 companies reported fake reviews, and around 90,000 fake reviews were removed by consumers.[17]
In March 2021, Trustpilot was first listed on the London Stock Exchange. The founders stated that London's stock market looked more attractive after a government-backed review which called for an overhaul of the U.K. listings regime.[18]
In March 2023, Mühlmann announced his resignation as CEO, moving into a role as non-executive board member.[19] Adrian Blair was appointed to replace Mühlmann as CEO in July 2023.[20]
In 2024, Trustpilot removed 4.5 million fake reviews.[21] 90% of the fake reviews were automatically taken down by AI tools.[21][22]
On September 16 2025, the company announced the launch of a share buyback program worth up to £30 million.[23][24][25]
Trustpilot operates a freemium business model and earns most of its revenue from companies that subscribe to its services.[26] The company freely allows businesses to collect and respond to reviews, and sells marketing tools.[27][28][29]
As of June 2025, the company hosts 330 million reviews and has 60 million monthly active users. Trustpilot employs approximately 1,000 people.[30][31]
There are independent investigations that suggest that review websites such as Trustpilot may havefake reviews.[32][33] There is controversy about the legitimacy of some of Trustpilot's and other consumer review websites' reviews and the way that it deals with complaints about them.[32][34] Trustpilot claims, however, that it strives to only include genuine reviews.[35] Trustpilot featured fake reviews for Bizzyloans; it deleted them after they were brought to light byKwikChex, an online investigations company.[36]
On 14 September 2017, Trustpilot issued an open letter clarifying its review policy following allegations concerning the 'validity of reviews of [online estate agent]Purplebricks by customers'.[37][38]
On 22 March 2019,The Times reported that estate agents Purplebricks andFoxtons were "gaming" Trustpilot feedback by paying to help gain better scores. In August 2016 five reviews of Foxtons were published on Trustpilot, with an average score of 2.2 stars out of five. The following month there were 467 reviews, 90% of them awarding five stars.[39][40] Trustpilot stated that it had found evidence that some companies had attempted to game its system and said it had a "zero tolerance" policy towards such tactics.[41]
On 6 February 2020 industry publication Property Industry Eye reported that Trustpilot was looking into reviews of estate agents 'at large' after claims from property review website allAgents that 70% of their reviews could be fake.[42]
In May 2020, an episode ofJoe Lycett's Got Your Back ran an experiment in which a fake company was created on Trustpilot, demonstrating the various ways of manipulating reviews on the site.[43]
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US$210.8 million (2024)[1]
US$6.2 million (2024)[1]