Funding will allow further expansion and product innovation
LONDON, April 16, 2013 – Silicon Valley Bank, financial partner to the technology, life science, cleantech, private equity and venture capital industries, today announced that it has provided Brandwatch, a social media monitoring and analytics company, with a £1.5million venture debt facility. This financing will allow the company to expand globally, and invest in product innovation. It also complements existing equity funding Brandwatch raised in March 2012, led by, Nauta Capital. Brandwatch, which is headquartered in Brighton, and also operates in the US and Germany, provides monitoring and analytical services that help enterprises research, monitor and engage with social media. Since its launch in 2007, the company has expanded significantly and services are now used by more than 700 global brands and agencies, including HSBC, DDB and Ipsos.
Commenting on the deal, Erin Lockwood, Director of Accelerator and Growth, for Silicon Valley Bank’s UK Branch said: “We are proud to be part of Brandwatch’s growth. It is an example of an innovative UK startup which is making a real impact in a thriving sector. Silicon Valley Bank has been supporting technology companies for 30 years and we are dedicated to helping businesses like Brandwatch succeed.”
Giles Palmer, Chief Executive of Brandwatch, added: “As our industry begins to gather pace, this additional funding will allow us to focus on leading the market with innovative products. In addition, we can now hire more of the right people and further build on the success we have achieved so far. With Silicon Valley Bank’s support, we hope to extend our global reach and expand our presence within the sector.”
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About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. Silicon Valley Bank and its affiliates within SVB Financial Group provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to clients worldwide through 28 U.S. offices and six international operations in China, India, Israel and the UK. www.svb.com.
Silicon Valley Bank is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the Financial Services Authority, FSA reference number 577295. Silicon Valley Bank is a subsidiary of SVB Financial Group, a Delaware corporation and is an affiliate of SVB Financial Group UK Limited. SVB Financial Group UK Ltd is registered in England and Wales at 41 Lothbury, London, EC2R 7HF, UK under No. 5572575 and is authorised and regulated by the Financial Services Authority, FSA reference number 446159. SVB Financial Group UK Limited provides access to financial services that are provided by, Silicon Valley Bank, including lending and banking services.
Brandwatch is a leading provider of social media monitoring and analytics solutions. More than 700 global brands and agencies use Brandwatch, relying on a broad range of social coverage and highly reliable, spam-free data to monitor online conversations. As a result, organisations can glean insights around their brand interests, conduct market research, predict market trends, and more actively engage influencers, customers and prospects.
A global company, Brandwatch is headquartered in Brighton, UK and has offices in the United States and Germany. For more information, please visit www.brandwatch.com
Silicon Valley Bank – UK Branch
+44 (0)20 7367 7813