We’re pleased to announce that W2 Global Data, our first ever Simpleweb investee, has completed its Series A funding round, raising a total of £3 million.
W2 Global Data provide online anti money-laundering and real time ID verification screening tools and services. We started working with company founder and CEO Warren Russell (pictured right) in 2012 to streamline W2’s IT processes and enhance the company and solution. We then went on to acquire a stake in the business in 2013, acting as W2’s virtual tech team whilst they got things up and running.
W2 marked the beginning of our startup investment journey, so it’s incredibly exciting seeing the business thrive independently just 5 years later, employing over 40 people at its HQ in Newport, Wales.
This latest round of funding will allow the company to further expand its sales and marketing efforts as well as broaden and accelerate product development and extend its global reach. The news of W2’s funding success also comes shortly after the exciting release of their brand new Document Verification with Facial Comparison product, just one in a number of impressive technical products the company has developed over the past few years.
Warren says: “With the continued support from Mercia and Development Bank of Wales we will be able to continue establishing our position as a key world player in our field. This further investment will enable us to step up our international sales plans and further grow our team to support our rapidly expanding business. We feel honoured that our existing investors are backing us every step of the way.”
If you’d like to discuss your startup or project, get in touch with Simpleweb today.