Visual IQ Secures $12m

Boston-based marketing intelligence firm Visual IQ has received $12m in funding, which it says it will use to continue its product innovation and sales growth.

Visual IQ's SaaS analytics solution enables users to integrate high volumes of data from a variety of sources, to provide marketers with actionable metrics and insights.

In 2010, the firm completed a $3m round of funding, provided by private equity firm Fog City Capital. In the latest round, Fog City Capital is joined by Volition Capital, whose MD Roger Hurwitz and Partner Sean Cantwell will join Visual IQ's Board of Directors.

Manu Mathew (pictured), Visual IQ co-founder and CEO, comments: 'We are very pleased with the confidence that Volition and Fog City have demonstrated in the company. The partnership will be critical as we work to maintain our clear market leadership position and aspire to do even greater things in the years to come.'

Web site: www.visualiq.com .

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