NEW YORK--(BUSINESS WIRE)--Suzy, a leading market research platform, announced today its acquisition of beauty-focused research platform Poshly.com. The acquisition expands Suzy’s category presence and qualitative research capabilities, including the recent launch of Suzy Home, its new in-home usage testing (IHUT) offering. Doreen Bloch, CEO of Poshly, joins Suzy as Vice President of Audience Management to oversee the operational rollout of Suzy Home, and drive growth in Suzy Live, Suzy’s in-depth interview solution that supports consumer electronics, beauty, CPG, F&B, and retail clients with their physical product research needs and drives more confident product launches. Doreen's mission at Suzy is to grow and diversify Suzy's audience, and give clients more opportunities to engage with consumers.
By acquiring Poshly, Suzy continues to broaden its offerings to support the world’s leading enterprise companies like Mondelez, Google, Estee Lauder, Citi, and PepsiCo that rely on innovative Suzy technology to conduct market research for real-time consumer insights. The introduction of Suzy Home allows brands to collect and analyze feedback from consumers’ hands-on product testing experiences, then retarget those same consumers for follow-up research, all integrated within Suzy’s streamlined platform. Bringing Poshly’s audience and agile research platform into the fold also grows Suzy’s audience of beauty and personal care consumers to provide its customers with an increasingly comprehensive audience panel.
“Suzy is committed to giving our customers access to the most cutting-edge research capabilities available,” said Avi Savar, President of Suzy. “Integrating Poshly into our platform allows us to continue raising the bar with our best-in-class product, delivering real-time consumer intelligence that is more crucial than ever to brands’ decision-making.”
Suzy recently closed its Series D funding -- for a total of more than $100M raised to date -- and is scaling significantly as more brands look for rapid, robust research solutions with qualitative and quantitative hybrid approaches. By leveraging advanced research tools, machine learning and Suzy’s proprietary audience of pre-screened and verified consumers, brands are able to make data-driven decisions with confidence and ease.
“With our combined capabilities, audience and technology, Suzy and Poshly empower more brands with faster, higher-quality consumer insights data from expanded audiences to drive business decisions forward in real-time,” says Bloch. “Suzy Home represents the first powerful offering that has resulted from our teams joining forces as we partner with Matt, Avi and the Suzy team to launch innovative solutions for Suzy’s clients and to continue rapidly expanding Suzy’s audience.”
Poshly, founded in 2011, has scaled to be a premiere research provider for the cosmetics and personal care industry, including marquee clients such as L’Oreal, Shiseido and more. Poshly was awarded L’Oreal’s NEXT Generation award in 2012 and was named one of Fast Company’s Most Innovative Big Data Companies in 2015.
Founded in 2018, Suzy is a real-time market research platform that aims to advance human understanding between consumers and enterprises everywhere, at the speed of culture. Suzy’s audience-powered tools enable research from start to finish, helping enterprises make more intelligent decisions with ease. Many of the biggest brands in the world use Suzy to deliver breakthrough products and experiences backed by data-driven decisions. Suzy has been recognized on Forbes’ list of America’s Best Startup Employers in 2021, Inc. Magazine’s list of Best Workplaces of 2021, and as a GRIT Top 50 Most Innovative Supplier in Market Research. Suzy has raised $100 million in venture capital funding from investors that include Bertelsmann Digital Media Investments, Foundry Group, H.I.G. Capital, North Atlantic Capital, Tribeca Venture Partners, Triangle Peak Partners, and Kevin Durant’s 35 Ventures. Learn more at www.suzy.com.
Founded in 2011, Poshly (also known as Lucky Analytics) has supported brand clients through access to on-demand consumer insights that drive confident Product Launch decisions. Poshly has worked with 100+ brands, retailers and partners, including L'Oréal, Shiseido, Walgreens, Milani, BareMinerals, KISS Cosmetics, e.l.f., Unilever, IT Cosmetics, COOLA, Patchology, DevaCurl, SoapBox Soaps, and many more. The company has also been featured by top tier global media including Fast Company, WWD, Forbes, Teen Vogue, PEOPLE, Inc. Magazine and more.