alva secures £2.5m from CIT Growth Capital for international expansion
CIT Growth Capital has backed reputational analytics provider alva with a £2.5m investment.
alva specialises in reputational analytics, providing methodologies and technology to help clients connect reputation with business performance.
Reputational analytics firm alva has secured £2.5m in new funding from CIT Growth Capital. The transaction also provides a partial realisation for existing backer Cass Entrepreneurship Fund, which retains a minority shareholding.
The capital injection will be directed towards international expansion initiatives and key recruitment. alva has experienced rapid growth since its seed stage, averaging 100 percent annual expansion since 2010.
CIT Growth Capital joins the cap table as the company looks to maintain its market position in reputation monitoring and analysis.
From the founder
"The reputation analytics space is fast-evolving and ever-changing. At alva we have developed a world-class technology and robust methodologies that help our clients link reputation to business performance. This funding will help alva continue our growth performance, and remain at the forefront of reputation monitoring and analysis."
Alberto Lopez
Founder and Chief Executive at alva
Investor perspective
"It is fantastic to see the continued success of alva. Alberto and the team have built a first-class business and we are thrilled to have supported the company from start-up. alva is extremely well poised to capitalise on its growth and first mover advantage, in the UK and rest of world. It is a true Cass entrepreneur success story"
Jane Reoch
Investment Director, Cass Entrepreneurship Fund
Use of funds
- 01Expand into international markets
- 02Grow the team