Brandwatch to deepen tech and expand global reach with Series C round
NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Brandwatch, the social intelligence company, today announced it has completed a $33M Series C financing led by new investor Partech Ventures, with participation from existing investors Highland Europe and Nauta Capital.
Brandwatch's continued growth demonstrates the strong appetite organizations have for a best of breed social analytics platform as social networks have evolved into a critical source of consumer and business insight. The funding will be used to accelerate development of the company's core technologies and products to keep setting the standard in an increasingly complex, global social landscape.
Building on its strong U.S. presence, which now accounts for more than half of the company's revenues, Brandwatch will open more offices following the June 2015 launch in Singapore. The company also plans to invest heavily in strategic partnerships with other best-of-breed products to offer customers integrated social intelligence solutions.
Recently, Brandwatch has added new brands to its 1,200-strong roster of customers – including Samsung, Cisco Systems, and Sony Music – and it is now one of the largest VC-backed SaaS companies in Europe. In 2015 the company launched the most sophisticated automated intelligence alerts on the market, Brandwatch Signals, which notifies users in real time of significant or unexpected changes in their social data.
The company has built a reputation for excellence with its two products - Brandwatch Analytics (which includes Signals) for deep social intelligence functionality and Brandwatch Vizia, a beautiful display platform used by enterprises to inform real-time business decision-making in every department. Brandwatch plans to continue its ambitious innovation with Vizia, including the rollout of an app ecosystem.
Brandwatch recently appointed two new senior executives, naming David Jones as Chief Technology Officer and Amy Collins as Head of Product. These tech veterans bring with them many years of experience in analytics, information technology, and business intelligence to the company's leadership team.
"We decided to invest in Brandwatch because of its incredibly strong vision, technology and team," said Omri Benayoun, General Partner at Partech Ventures and new board member of Brandwatch. "Social data is driving the future of every business function from marketing and sales to customer service. We are very proud to partner with the worldwide leader to tackle this massive opportunity."
"This is another big milestone for us," said Giles Palmer, Brandwatch CEO. "It's a substantial investment from a great firm, Omri and the Partech team are world-class. We are going to continue building an extraordinary company - one that listens to and looks after its customers, cares for its staff and works hard to build innovative, elegant, useful products. I love working here and I love the energy that every Brandwatcher brings into our offices every day. Game on."
Brandwatch is the world's leading social intelligence company. Brandwatch Analytics and Vizia products fuel smarter decision making around the world.
The Brandwatch Analytics platform gathers millions of online conversations every day and provides users with the tools to analyze them, empowering the world's most admired brands and agencies to make insightful, data-driven business decisions. Vizia distributes visually-engaging insights to the physical places where the action happens.
The Brandwatch platform, ranked highest in customer satisfaction by G2Crowd in the Spring 2015 social media monitoring report, is used by over 1,200 brands and agencies, including Cisco, Whole Foods, Whirlpool, British Airways, Sony Music, and Dell. Brandwatch continues on its impressive business trajectory, with more than 50 percent of revenues now from North America and strong tech industry backing from venture capitalists including Partech Ventures, Highland Europe, Nauta Capital, Gorkana and independent investors.
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About Partech Ventures
Since 1982, Partech Ventures has helped outstanding entrepreneurs build companies that will be remembered. The firm invests in high growth companies in the digital and information technology fields through three funds: seed (Partech Entrepreneur), venture (Partech International) and growth capital funds (Partech Growth). Brandwatch is Partech Growth's fourth investment and its second in the UK. Located in the Silicon Valley, Paris and Berlin, the Partech team has extensive experience in the international development of companies. Throughout its history, Partech Ventures portfolio companies have completed 21 initial public offerings and more than 50 M&A transactions with major international companies at values in excess of $100MM. Preqin, an independent global research firm, has ranked Partech Ventures as one of the ten best performing venture capital funds in the world and the only European fund in the top 25.
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