Clash Media backed for £1.5m
The online lead generation company gains further backing from MMC Ventures
Clash-Media, an online lead generation company, has gained £1.5m of funding to continue its growth.
The company has once again been backed by MMC Ventures, which has provided Clash with £2m of growth capital since first investing in June 2007. The additional capital will support its European expansion as it adds offices in France, Spain and Italy to its UK, Scandinavian, German and US operations, as well as improving its technology. “Our proven business model has resulted in this second round of investment from MMC Ventures,” said Simon Wajcenberg, chief executive of Clash-Media. “We have exceeded our growth targets so far and fully intend to continue doing that.” Ben Richardson, investment director at MMC Ventures, added: “Clash-Media has demonstrated significant growth, steady profitability and a stable business model, which really sets it apart from many companies that are struggling in the current market conditions.” “We feel that Clash has excellent potential to continue producing the stellar results we have seen over the past couple of years going into 2009. “The market is open to such a performance-driven solution that can increase an organisation’s sales. ” © Crimson Business Ltd. 2008