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 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.”