Meltwater Secures $60M Debt Funding With Silicon Valley Bank, Vector Capital

Architect and customer businessman shaking hands top view, desktop with building project, tools and wood swatches on background
SHARE
THIS



Meltwater, a global leader in media intelligence solutions, announced it has closed a $60M debt funding round with Silicon Valley Bank, and Vector Capital in order to ramp up strategic acquisitions.

The announcement comes as Meltwater is seeing significant organic growth across all markets. Founder and Chief Executive Officer (CEO) Jorn Lyseggen recognises the opportunity for a number of acquisitions in various markets moving forward that will fuel both organic and inorganic growth.

“We see acquisitions as an integral part of our growth strategy,” Lyseggen said. “We believe in the next 24 months we will see high M&A activity in our space, and we raised this capital to give us the firepower to take an active role in these processes.”

Since 2009, Meltwater has acquired 9 companies, including the recently announced Encore HQ, a 500 Startups Alumna known for their social media alerts powered by data science. “We are primarily looking for proven technology in data science, machine learning and natural language processing,” Lyseggen said. “We will also look at companies with a dominant position in a particular market or vertical.”

“Closing this credit facility with Tier 1 lending institutions such as Silicon Valley Bank and Vector Capital is a great vote of confidence in Meltwater,” said Martin Hernandez, chief financial officer (CFO) at Meltwater.  “As we look to further expand our already significant global footprint, we believe we’ve found great partners to work with that can help us fund organic growth as well as continue our acquisition strategy.”

“We are delighted to partner with Meltwater in support of their continued growth and success,” said Alex Slusky, Vector’s founder and chief investment officer (CIO). “We enthusiastically support their vision to create and define the market for Outside Insight – where business signals from vast arrays of external data on the Internet can be captured and transformed into actionable and valuable insights for executives and operating teams.”

Please login with linkedin to comment

A&E Vector Capital

Latest News

Eyeota Enhances Reach And Targeting Precision For RDA Research
  • Marketing

Eyeota Enhances Reach And Targeting Precision For RDA Research

Leading Australian market research data brand, RDA Research, provides actionable consumer intelligence to help businesses inform decision making and growth strategies. RDA Research wanted to make its unique consumer data available for addressable digital targeting and required a data onboarding partner to help activate their data in an online environment.

Enthral Strengthens Journalistic DNA By Hiring Channel 7 Reporter Sean Sowerby
  • Media

Enthral Strengthens Journalistic DNA By Hiring Channel 7 Reporter Sean Sowerby

Storytelling agency Enthral has appointed Channel 7 reporter and sports presenter Sean Sowerby as its new senior PR and content manager in Melbourne. Sowerby (pictured) started his award-winning career at 3AW before spending more than 15 years in television. Enthral founder and manager director, Cameron Smith, spoke of the significance of Sowerby joining the agency. […]

Blis Puts Its CEO In The Desert In Clever New “Data Drought” Ad
  • Campaigns
  • Technology

Blis Puts Its CEO In The Desert In Clever New “Data Drought” Ad

Ever since Google first announced it would be getting rid of third-party cookies on Chrome, digital advertising businesses have been actively sharing their plans for life after cookies. And now programmatic advertising company Blis might have come up with the most creative way to get the message across, in a new video which sees company […]

Agency Icon Sweeps The SABRE Awards
  • Marketing
  • Media

Agency Icon Sweeps The SABRE Awards

Integrated Melbourne agency Icon has taken top honours in the 2021 SABRE Awards, winning the coveted Australasian Consultancy of the Year for 2021 along with a host of category and craft awards. Icon led a large field of Australian agencies with a total of three major and seven minor awards, including gold in the cause-related […]

Former Agency Execs Launch Car Service Summon
  • Marketing
  • Media

Former Agency Execs Launch Car Service Summon

Former agency executives Tim O’Neill and Tim Fouhy have launched the auto technology startup Summon. Australia’s first full e-commerce service for prestige cars. O’Neill and Fouhy both founded Reactive, a digital agency, which was bought by Accenture in 2016. Following the deal, O’Neill and Fouhy ended up leading the company’s digital marketing arm, Accenture Interactive before […]