Black Swan Data Secures Growth Funds

In London, predictive analytics specialist Black Swan Data has closed a £6.2m Series B round of funding, which it will use to accelerate international growth and expand its proprietary platform, known as 'The Nest'.

Founded in 2011, Black Swan uses technology and data science to analyse consumer behaviour and build predictive models. The firm is headquartered in London, with additional offices in Bristol, Exeter, Hungary, Los Angeles, New York, Singapore, South Africa and Toronto, and employs more than 240 staff.

New funding has been led by Albion Ventures, with support from investors Blackstone and Mitsui. CEO and co-founder Steve King (pictured) commented: 'Black Swan's seen some phenomenal growth over the last eighteen months and this has been reflected in the conversations we've been having with investors and clients alike. At the start of the year, it was very straightforward to raise the amount we wanted from Blackstone and Mitsui, but there was an opportunity to add to the round with Albion Ventures to accelerate our plans further.'

Web site: www.blackswan.com .

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