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Meltwater, The Media Monitoring Startup, Gets A $65M Investment From Verdane

Dec 18, 2023about 2 years ago

Amount Raised

$65 Million

San Francisco

Description

Meltwater, which first made its name around media monitoring and then got active in business intelligence using AI and big data analytics techniques, is picking up a new investor. Verdane, a Norwegian private equity firm that earlier this year closed a $1 billion+ fund to make investments in scaling tech companies, is taking an 11% stake in Meltwater, at a company valuation of €542 million ($592 million), valuing the stake at around $65 million. But that’s not the only deal that is going down with this transaction.

Company Information

Company

Meltwater

Location

San Francisco, California, United States

About

Meltwater empowers companies with a suite of solutions that spans media, social, consumer and sales intelligence. By analyzing ~1 billion pieces of content each day and transforming them into vital insights, Meltwater unlocks the competitive edge to drive results. With 27,000 global customers, 50 offices across six continents and 2,300 employees, Meltwater is the industry partner of choice for global brands making an impact. Learn more at meltwater.com.

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Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech