Maxymiser, a specialist in multivariate testing, personalisation and optimisation solutions, has secured a strategic investment of UDS12 million from new investor, Investor Growth Capital (IGC), along with additional investment from the company’s Series A investor, Pentech Ventures. This new funding will allow Maxymiser to expand significantly through all areas of the business, with emphasis on North America and research and development.
The first organisation to offer advanced website testing solutions to many of Europe’s leading online brands, Maxymiser expanded to the US market in 2010. Quickly, the company signed deals with major US brands including Teleflora, Finish Line (the US’s second-largest athletic retailer), HarperCollins, Time Warner Cable, Harry & David and many more. As more and more companies realise the indispensable need for website testing to achieve eCommerce success, Maxymiser has grown rapidly across retail, travel, financial services, media and online gaming industries.
With the new funding in place, Maxymiser plans to continue enhancement and expansion of their suite of class-leading customer experience optimisation solutions. The company will soon roll out enhanced user interfaces for customers, including a new visual campaign builder. In combination with Maxymiser’s patented OneTouch implementation solution, this will, for the first time, allow marketers to define, set up and interpret results of multivariate testing campaigns with zero coding or technical support.
“We invest in companies that are leaders in fast-growing markets, and Maxymiser is a clear leader in Customer Experience Optimisation, something that has become a fundamental imperative for any company serious about eCommerce success,” says Noah Walley, Head of Technology Investing at Investor Growth Capital. “In the course of our diligence process, we heard universal positive feedback from Maxymiser’s clients about the unequalled quality and sophistication of the product suite, as well as the management’s dedication to ensuring customer success.”
“As early Series A investors in Maxymiser, we have been immensely pleased with the company’s growth to date, and we look forward to more expansion in the future,” says Marc Moens, Partner at Pentech Ventures. “We are convinced that Maxymiser offers the industry’s best testing and personalisation solutions, and the flurry of new clients signed in the last few quarters supports that belief.”
“Investor Growth Capital is a highly regarded and successful expansion stage firm. We selected them because we believe their keen understanding of our market, deep global network of contacts and patient evergreen capital structure will provide invaluable support for our strategic growth plan. This round is a great endorsement of our technology and growth prospects,” says Tim Brown, CEO of Maxymiser.
