Crimson Hexagon Closes $20m Expansion Fund

US-based social media analysis firm Crimson Hexagon has raised $20m in a round of equity financing, which it will use to expand its infrastructure and products, and its global sales and marketing team.

Powered by patented technology and an in-house data library of more than 850 billion social media posts, Crimson Hexagon's platform helps clients gain access to consumers' opinions of their products, services and brand. The firm is headquartered in Boston, MA, with additional US offices in Chicago, San Francisco, and an EMEA base in London.

New funding has been led by Sageview Capital, adding to the $17.5m raised prior to this investment round. CEO Stephanie Newby (pictured) comments: 'We have completed a critical check list: a first-class experienced team, robust technology that is easy to use and a client base hungry for more: more data, more analytics, more insights. With this foundation, and with Sageview Capital as our partner in this next important step, Crimson Hexagon is ready to extend its market leadership position'.

Web site: www.crimsonhexagon.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.