Narwhal Media Group secures £1.2m in seed follow on funding to scale operations
The funding round values the marketing technology group at £18.2m with backing from investors including Robin Saunders and Elio Leoni Sketi.
Narwhal Media Group is a Bristol based marketing technology company that operates digital marketing agencies, data analytics operations and whitelabel software products. The company also holds investments in various early stage ventures.
Narwhal Media Group has secured £1.2m in a seed follow on funding round, valuing the business at £18.2m. The investment was backed by participants including Robin Saunders from Clearbrook Capital, Elio Leoni Sketi from LSG Holdings, and Bodil Blain. The capital will be directed towards scaling the sales team, funding ongoing software research and development, and supporting general working capital requirements as the group expands.
The Bristol based marketing technology firm operates three principal subsidiaries, namely upUgo, Lasso Leads, and GoRank, alongside a portfolio of minority stakes in emerging consumer and technology start ups. Management anticipates launching a further funding raise later in the year as part of a strategy targeting a valuation of £200m by 2024.
From the founder
"This investment round will allow each of our businesses to push on to the next level of growth and so further realise the value in NMG and our IP."
Luke Sartain
CEO & Founder at Narwhal Media Group
Use of funds
- 01Invest in sales and marketing
- 02Fund research and development
- 03Scale operations
Investors
Categories
About the company
Narwhal Media Group
Narwhal Media Group operates a portfolio of digital marketing and software businesses.