In a recent development, London-based B2B-focused sales and marketing lead generation platform provider, Cognism has raised $12.5 million (nearly £9 million) funding.
The investment round was led by existing investor, AXA Venture Partners along with participation from a new investor, Swisscom Ventures. The other existing investors that took part in the round are Investiere and VentureFounders.
Since founded in 2015, Cognism has grown to become one of the leading B2B data providers in Europe. The introduction of the GDPR in May 2018 provided Cognism with the opportunity to build a leading compliant product.
Plans to expand across Europe
With this investment, the UK scaleup plans to expand across Europe. Also, it intends to consolidate its position as a leading provider of compliant and intelligent B2B contact data.
James Isilay, CEO of Cognism, said, “This funding round marks the continued recognition of the strength of our team as we are now one of the biggest go-to-market data providers in Europe.
Stefan Kuentz, Partner at Swisscom Ventures, said, “Sales intelligence is crucial for making sellers more productive, even more so when people are working from home. Cognism is well-positioned to become the leading company in Europe and we are excited to be part of that journey.”
Uses patented AI technology
Founded by James Isilay, Cognism provides transformative solutions to help revenue teams drive predictable lead generation and improve conversions across all engagements.
Powered by patented AI technology, it provides organisations with compliant B2B data and a suite of sales acceleration tools to help activate it. Cognism enables its global customers to find and deliver new revenue faster.
Fastest-growing UK SaaS company
The company witnessed 60% year-on-year growth in the financial year 2020. The ARR also increased to $11 million from $7 million, and it saw a record-breaking growth. In January 2021, the monthly ARR of the company surpassed $1 million.
Back in May 2020, Cognism acquired Mailtastic, an email signature marketing platform. Its workforce now comprises 200 employees based in seven countries – the U.K., USA, Canada, South Africa, Croatia, Macedonia and Germany.
Cognism’s continued success and revenue growth is testament to the demand from B2B companies for compliant prospecting data. The company’s ongoing commitment to adhering to global regulations is recognised, as it is providing compliant prospecting data to over 1,000 companies worldwide.