YFM Equity Partners backs Hertfordshire-based communications platform Sipsynergy with a £2.8m investment.
"The shift to the cloud is accelerating, providing smaller businesses with an opportunity to access technologies and services previously only available to large corporates. Sipsynergy has created a great cloud-hosted solution for SMEs and evolved a partnership with Cisco which provides a clear route to market."
Imperial Innovations and TTV Capital led the £6.2m round to support growth in the UK and US markets.
"This new funding round reflects the great progress Featurespace has made over the last year, including announcing major new customer wins with companies based in the USA. The most recent of these is a new partnership with TSYS, one of the world’s largest payment solutions and services companies, in which Featurespace’s adaptive behavioural analytics platform will be used to reduce fraud for TSYS’ clients."
The funding round features participation from a syndicate of backers including Salesforce Ventures and Technology Crossover Ventures.
"In our last financial year, we grew our international new business by more than 500%, and with our world-class technology and relentless commitment driving innovation, market position and momentum, coupled with a multi-billion dollar opportunity, we look forward to continuing our impressive growth trajectory while helping our global customer base grow their businesses with improved efficiency and greater customer advocacy."
The content intelligence platform has secured backing to accelerate its expansion in the UK and US markets.
"idio is run by two highly entrepreneurial and ambitious individuals, who are aiming to revolutionise the way companies manage their online content to drive customer engagement. We are impressed by idio’s performance to date and its client portfolio including some of the global financial institutions."