SCV portfolio company Cognism, the globally compliant international sales intelligence provider, has secured $87.5 million in funding. The investment will support the company’s ambitious plans to expand across Europe and strengthen its position in the US. The company envisages this expansion as a combination of organic growth and acquisitions.
The round is led by new investors Viking Global Investors and Blue Cloud Ventures alongside follow-on investors AXA Venture Partners, Swisscom Ventures and Volution. The capital will support Cognism as it continues its impressive rapid growth, solidifying its position as the leading provider of compliant and actionable B2B sales intelligence globally.
James Isilay, CEO of Cognism, said: “We’re delighted to welcome Viking Global Investors as our new lead investor. The funding will help us empower many more businesses with international sales intelligence over the coming years, setting a new standard in data quality and compliance. It will accelerate our growth and global expansion plans as the leading provider of intelligent B2B sales data.”
2022 is to build on impressive 2021 results
Cognism, which in 2021 reported 100% ARR growth and some impressive customer wins, is set for continued success in 2022. Recent months have seen significant investment in new products and partnerships. Among others, the company formed a partnership with Bombora to provide industry-leading intent data within the latest version of Cognism’s platform. Furthermore, the year also saw the company setting a new standard in data quality with the launch of Diamond Data®, which provides the most accurate, GDPR & CCPA compliant phone-verified contacts for business development teams internationally.
James Isilay, CEO of Cognism explains: “No other software company offers a truly global sales intelligence platform like Cognism. By pairing our premium quality contact data with advanced contextual data points like technographics and buyer intent signals, we help modern revenue teams connect with confidence and exceed targets. Our goal is to enable companies to build a meaningful connection with their next best customer in the most predictable, efficient, and cost-effective way.”