Tech City big data firm surges forward with new investment
Data-mining business eRevalue has completed a round of Series B equity fundraising, which will enable the business to implement an ambitious growth strategy out of its London and New York offices.
Headquartered in the heart of London’s tech district in Old Street, eRevalue is at the forefront of developments in big data, which have attracted the attention of investors and media in the capital’s technology sector. eRevalue operates Datamaran, a strategic business intelligence software that delivers smart data on regulatory and reputational risks and opportunities, and tracks how competitors respond. Datamaran provides an internal management process that empowers companies to make smart decisions based on real-time information and alerts.
Launched earlier this year by four co-founders with a background in data, corporate social responsibility and finance, the company’s focus is on environmental, social and corporate governance (ESG) issues. UN special advisor on sustainability and climate change, Helle Bank Jørgensen, was recently appointed as chairman as part of the company’s vision “to empower companies through technology, to make big data digestible and to distill essential knowledge”.
eRevalue’s Chief Executive Officer Marjella Alma said: “We are delighted to have achieved this important milestone, which enables us to move forward in our ambitious plans for growth whilst contributing to the global agenda for resilient markets and viable businesses. Big data has the potential to transform our culture positively and we are committed to realising this potential so as to facilitate more efficient and positively effective business strategies in today’s corporate world.”
eRevalue is now collaborating with a carefully selected group of companies to test drive Datamaran before its restricted release next Spring 2015. A diverse group of thought leaders from over 10 countries worldwide, eRevalue’s “Piloteers” represent large market cap companies from involved in financial services, oil and gas, steel, technology equipment and hardware, electric utilities and other sectors.
From inception to Series B investment round, eRevalue has been advised by Temple Bright, a Tech City law firm which operates an innovative tech-enabled business model and has grown to 30 partners since entering the London market in 2013.
eRevalue’s Chief Operating Officer Jean-Philippe Lecourt said: “The team at Temple Bright have been there for us every step of the way and we’re delighted with their support and advice. The firm’s expertise and deep roots in the tech sector, combined with a streamlined model which ensures that we always receive advice directly from the partner we know, has been invaluable in getting this deal over the line.”
The Temple Bright team was led by corporate partner Nadim Zaman, who said: “It has been fantastic working closely with eRevalue, as it breaks new ground in an exciting part of the tech sector in which we operate. The Series B investment provides a strong platform for the company’s next phase of growth and we’re delighted to be part of the team.”
Temple Bright’s co-founder Tim Summers said: “We are proud of our association with eRevalue and feel that we’re a natural choice for a company that is innovating and scaling so quickly. eRevalue has big ambitions and has needed far-sighted advice from experienced people from day one.”
This article appeared on the Bdaily website on 17 November 2014.