Clash-Media, the online lead generation organisation, has secured a further GDP1.5m of funding from venture capital firm MMC Ventures.
Clash-Media, the online lead generation organisation, has secured a further GDP1.5m of funding from venture capital firm MMC Ventures.
MMC Ventures has provided Clash with growth capital since first investing GDP2m in June 2007.
The additional capital will support Clash’s European expansion as it adds offices in France, Spain and Italy to its UK, Scandinavian, German and US operations.
The investment will also enable it to add further developments to its underlying technology.
Simon Wajcenberg, chief executive of Clash-Media, says: ‘Our proven business model has resulted in this second round of investment from MMC Ventures. We have exceeded our growth targets so far and fully intend to continue doing that. Businesses need genuine sales leads to keep and grow market share and in today’s slowing economic conditions we are finding that more and more organisations are seeing the real value of our approach to performance-based online lead generation.’
Ben Richardson, investment director at MMC Ventures, adds: ‘Clash-Media has demonstrated significant growth, steady profitability and a stable business model, which really sets it apart from many companies that are struggling in the current market conditions. We feel that Clash has excellent potential to continue producing the stellar results we have seen over the past couple of years going into 2009. The market is open to such a performance-driven solution that can increase an organisation’s sales.’
MMC Ventures is a venture capital firm that invests exclusively in UK growth companies. It focuses particularly on healthcare (excluding biotech), financial services, business support services and technology.
Since inception in 2000, MMC has invested in 18 companies.
