Tag Archives: funding

Report: Strong 1H 2022 for the Customer Data Platform Industry, slowdown in funding and acquisitions

MILFORD, CT, United States, 25-Jul-2022 — /EPR INTERNET NEWS/ — The Customer Data Platform (CDP) industry had a strong first half in 2022 with 10% employment growth among existing vendors and eleven new companies added, according to the CDP Institute’s latest Industry Update report. Total employment grew by 2,494, the largest increase on record. However, a slowdown in funding and acquisitions may indicate investors are becoming more cautious about the industry.

The semi-annual report found that growth was strongest among the industry’s largest vendors, with the top 25% expanding employment by 13%. Remaining vendors grew an average of 4%. New entrants were also concentrated among large firms, with five of the eleven having more than 1,000 employees. These are established firms that have added CDP capabilities to existing campaign and delivery products.

The addition of new vendors with campaign and delivery capabilities reflects the continued preponderance of this group. Campaign and delivery CDPs now account for 68% of vendors (up 1% vs the previous report), 75% of employees (up 3%) and 75% of funding (up 8%).

Investment fell compared to previous periods, which may represent a market adjustment following strong acceleration early in the pandemic. The number of events over $50 million in particular dropped from five in the second half of 2021 to just one in the first half of 2022. Apart from the one large event, there were six other fundings that totaled $38 million. The only acquisition this period was BlueConic selling a majority stake to Vista Equity Partners.

“This report shows an intriguing divergence between strong user demand for CDPs, as evidenced by employment growth and new entrants, and emerging caution among investors,” commented report author David Raab. “Fortunately, major industry vendors have assembled ample financial reserves during previous periods, so we expect the funding slowdown will not limit their ability to finance future growth.”

About the Report
The CDP Industry Update Report provides detailed information on CDP vendors, employment, and funding broken by CDP type, location, founding year, and more. It includes five years of historical data collected at six-month intervals. The report can be downloaded for free at https://www.cdpinstitute.org/resources/industry-update-july-2022/.

About the Customer Data Platform Institute
The Customer Data Platform Institute is a vendor-neutral organization that educates marketers and technologists about customer data management. The Institute publishes industry news and educational materials, provides vendor comparison reports, builds directories of industry vendors and service firms, and offers Webinars, workshops, and consulting on related issues.

Customer Data Platforms are defined as “packaged software that maintains a unified, persistent customer database which is accessible to external systems.” They are the only types of packaged software specifically designed to create and share a complete view of each customer.
For more information, visit www.cdpinstitute.org.

SOURCE: EuropaWire

Picterra raises $6.5M to accelerate its mission of democratizing geospatial mapping

LAUSANNE, Switzerland, 2022-Apr-26 — /EPR INTERNET NEWS/ — Picterra, the leading provider of geospatial machine learning software, today announced the closing of a $6.5M investment. Led by venture capital firm VI Partners, with participation from ACE & Company, the investment will enable Picterra to pursue its mission of democratizing access to Earth observation imagery and geospatial ML.

“We are delighted to announce the closure of this funding round which will allow us to continue to lead the way in geospatial intelligence. VI Partners and ACE & Company closely share our vision and we couldn’t be happier to have them on board. This investment will be used to innovate the platform even further, scale the business, and boost mass adoption from enterprise customers.” – Pierrick Poulenas, CEO & Co-Founder

Earth Observation imagery is this century’s key resource. As satellite and aerial imagery become more accessible, companies are discovering new use cases as part of their data strategy. These include proactive monitoring of transport, infrastructure, and energy networks and ensuring companies meet and exceed their ESG goals. Customers worldwide including SGS, CYIENT, Westwood, and The World Bank use Picterra in their geospatial workflows.

However, the innate scale of such use cases requires smart use of machine learning in order to get useful insights. With Picterra’s no code ML SaaS platform, users can train, manage, and deploy powerful geospatial algorithms that rapidly transform images into real-world positive impact.

As the effects of climate change continue to have a devastating impact on the planet and our lives, Picterra’s mission is to support businesses of any kind to anticipate and mitigate the associated risks, helping humanity make better-informed decisions to protect our global ecosystem.

Olivier Laplace, Partner at VI Partners, said: “In the past decade, satellite and drone prices have been reduced by factors of 100x to 1000x. This is creating an explosion of geospatial images to be analyzed in an affordable way: an exceptional opportunity for Picterra that is well-positioned to become the leader in the democratization of machine learning for geospatial analysis and its many ESG applications.”

Adam Said, Founding Partner and CEO at ACE & Company, said: “The opportunity in mass adoption of geospatial intelligence remains significant, as most organizations have not yet recognized the role this powerful tool can play in their operations. By making ML geospatial analysis accessible to most, Picterra is in a unique position to scale this market by empowering its customers to make better informed decisions in the most cost-effective way.’

Via EPR Network
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Endeavour Capital invests in Visual Data Media Services

LOS ANGELES, Calif., United States, 18-Nov-2020 — /EPR INTERNET NEWS/ — Visual Data Media Services, a leading entertainment services company serving studios and distributors globally with end-to-end content management and digital media supply chain solutions, announced today it will partner with Endeavour Capital, a mid-market investment firm, to support Visual Data’s next phase of growth. John Trautman, founder and CEO and Symon Roue, managing director of the company’s European division, will remain shareholders and will continue to lead the company with the current management team.

Since its founding in 1995 in Burbank, CA, Visual Data has grown organically and through acquisitions. The company offers media supply chain and localization services on a global basis, with operations in the US, UK, and India. In recent years, as content production needs and direct-to-consumer digital entertainment offerings such as Netflix, Disney+, Apple+ continue to grow, Visual Data has been recognized as an industry leader for its outstanding customer service and innovative technology. For the second year in a row, the company won the prestigious Netflix Preferred Fulfillment Partner of the Year – Americas (high volume), improving their on-time rate by +4%.

With Endeavour Capital’s support, Visual Data’s management will build on its industry leadership, capitalize on entertainment industry digital trends, and continue the company’s current momentum with further investments in its service offerings, expansion of its global footprint and strategic acquisitions.

“I’m excited about this next chapter, we have built a great foundation and are ready to build on that to create something game-changing for our industry,” said Trautman. “This is a booming time for entertainment, our clients’ needs are growing, and we are well-positioned to meet those needs. We will continue to expand services to provide a true end-to-end solution for our clients, as well as focused development of our Vida content management service.”

“We chose Endeavour Capital as a highly aligned partner to invest in Visual Data, due to their fantastic reputation, and long-term approach to investing,” said Roue. “The team is looking forward to scaling our presence in new territories, entering new markets and investing in our new technology platform.”

To accelerate the Visual Data’s next stage of growth, Henry Shapiro will join the company’s board of directors as Lead Director. Shapiro is also Chairman of MarketCast, a global entertainment research and analytics company.

“I’m looking forward to working with John and his team to support the Company’s ambitious growth plans, said Shapiro. “As an industry leader, Visual Data is well positioned to take full advantage of the strong dynamics underlying this growing sector of the entertainment economy.”

Leland Jones of Endeavor Capital said “Endeavour is very excited to be investing in the Visual Data team. The company has a great foundation and reputation for service quality and we want to help them build on that through innovation and investments in new capabilities.”

SOURCE: EuropaWire

Michael Blakey & Paul Grant speaking on EFactor Business Bootcamp June 21

A day full of succeeded Entrepreneurs and the Best Funding Experts in the field, Michael Blakey & Paul Grant!

Want to learn more on what to do when you are on theEntrepreneurial Frontline? Or how Bootstrapping can be an effective way to run your operations? What Investor Types & Funds are out there? And what are the Legal Aspects of Investments? Sign up now for EARLY BIRD DISCOUNT, lunch & drinks included! http://www.efactor.com/ukfunding1206

We provided you with a special program with some great names in this industry:

John Spindler CEO of Capital Enterprise. John has had over 15 years’ experience as an entrepreneur and business advisor/consultant and as well as being responsible for the day to day management of Capital Enterprise is also a director and co-owner of audio designer and manufacturer Ferguson Hill.

Michael Blakey: has been a successful, active, early-stage investor in the UK since 2000 and having invested in some 17 businesses and realized 3 profitable exits to date. Co-investing with his brother, Simon, he is responsible for all our marketing and deal origination activities. Michael was voted by AngelsNews as “the Business Angels You should now”.

Paul Grant: is an experienced entrepreneur who has founded his own London based company through private equity and debt finance. He managed to build a network of over 500 business angels at Capital Partners Private Equity Ltd and more recently at BA Capital Ltd, during which time he never ceased to assist young businesses with fundraising and coaching. He is also the founder of “The Funding Game” seminar series, which offers practical guidance and networking opportunities for entrepreneurs seeking capital for early-stage and growing ventures.

Jaan Larner: is a business minded lawyer at Keystone Law with an MBA from Oxford University. He is a corporate and commercial lawyer with a particular interest in entrepreneurial activity. He advises clients on their corporate structures as well as their on-going day-to-day commercial activity. Jaan qualified as a Solicitor in 1997.

WE HOPE TO WELCOME YOU AT 21 JUNE – INNOVATION WAREHOUSE – LONDON

SEE FOR MORE DETAILS OF THE PROGAM: http://www.efactor.com/ukfunding1206

Please Eva Hukshorn for your questions.

Lunch and drinks are included in the event price.

This event is sponsored by RBS, Capital Enterprise and Keystone Law To attend this event being a member of EFactor is mandotory, you can sign up (for free) on www.efactor.com.

Via EPR Network
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