Analytics Firm Kontagent Closes $12m Investment

In the US, social media and user analytics platform Kontagent has closed a $12m Series B funding round, which it will use to continue product innovation and to expand into new coverage areas including mobile.

San Francisco-based Kontagent provides a user analytics platform covering more than 15,000 messages sent every second by over 150 million monthly active users over more than 1,000 social apps. Its proprietary kSuite offers social data pattern visualization and analysis.

The new funding will be used for developing further data mining and predictive analytics products and capabilities. The investment was led by Battery Ventures, whose General Partner Roger Lee will join the firm's Board. Existing investors Maverick Capital and Altos Ventures also participated in this round.

Kontagent's CEO and co-founder Jeff Tseng comments: 'With these partners by our side, we can grow our platforms to continue solving the business needs of our current and future customers through increased investment in product development, data science and other strategic areas.'

Web site: www.kontagent.com .