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Wednesday 07 November 2018

Partnerize finds new funding partner

logoPartner management software startup Partnerize has journeyed far from its roots in Newcastle-upon-Tyne and is now essentially run from San Francisco. But we should consider that to be another UK tech success story given that Partnerize is now valued at some $127m following a $9m Series D funding round led by GP Bullhound.

Founded in 2010 as Performance Horizon, Partnerize now has eight offices worldwide with over 200 employees and works for more than 300 brands.

Partnerize turned over £15.5m in 2017, 30% higher than in 2016. However, net losses increased dramatically from £1.65m to £6.12m in 2017. The business burned through over £3m of net cash last year but still has plenty of dosh in the bank from this and prior funding rounds.

Well positioned, well backed – looks like this Geordie did good!

Posted by Anthony Miller at '09:25' - Tagged: funding   startup  

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