InfoSum secures £47 million Series B investment led by Chrysalis Investments

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InfoSum Raises $65 Million Series B to Build the Next Generation of Data Collaboration
Data technology company will use funding to accelerate growth and global expansion

(New York, NY) August 17, 2021 — InfoSum, the world’s leading data collaboration platform, today announced a $65 million Series B funding financed by Chrysalis Investments. The round brings the total amount raised to $90 million since the company’s inception in 2016.

Since the closing of InfoSum’s Series A in September 2020, the company has tripled its revenue, doubled its employee base, entered into multiple new markets, and signed more than fifty new customers. InfoSum will use the new funds to accelerate hiring across every aspect of the business, expand into new regions, and further the development of its platform. InfoSum has already set the industry standard for private and secure data collaboration. The company’s approach to customer data collaboration, called the ‘non-movement of data,’ has been validated by leading businesses increasingly focused on privacy, security, and the creation of owned customer identity platforms. 

Global enterprises rely on InfoSum to power privacy-safe data collaboration that drives better customer experiences, connecting customer records between and amongst companies, without ever sharing data. This customizable, customer-centric approach enables companies to unlock the full potential of their data, delivering better business outcomes while prioritizing the privacy of consumers. 

“The technology that enables companies to safely and securely compare customer data is thankfully entering a new phase, driven by privacy-conscious consumers and companies focused on value and control. InfoSum is proud to be leading the way,” said Brian Lesser, Chairman and CEO of InfoSum. “Companies are looking for solutions to help resolve the existing friction and inefficiencies around data collaboration, and InfoSum is the company to drive this growth forward.” 

Nick Halstead, InfoSum Founder and CTO, added,

“InfoSum recognized early on the need for new technology in data privacy. Now as the market leader in data collaboration, this investment from Chrysalis allows us to accelerate the development of our unique infrastructure and expand its innovative capabilities into new arenas.”

As a result of the investment, Chrysalis Investment’s Richard Watts will be added to the InfoSum Board. 

Richard Watts, Chrysalis Investments portfolio manager said, ‘InfoSum exhibits one of the fastest scale-up revenue streams we have come across in the software space, and, we believe, addresses a significant market opportunity in a digitalised world. We are delighted to be partnering with InfoSum and look forward to working with Brian Lesser, Nick Halstead, and the rest of the InfoSum team to deliver on the possibilities of the technology.”

Since launching its platform commercially in 2019, InfoSum has come to be relied upon by some of the most cutting-edge, security-oriented companies around the world to future-proof their businesses against an evolving data and technology landscape. 

To learn more about InfoSum, visit www.infosum.com.

About InfoSum

InfoSum is the world’s leading data collaboration platform empowering companies to deliver better customer experiences while prioritizing customer privacy. Using patented, privacy-first technology, InfoSum connects customer records between and amongst companies, without moving or sharing data. Since launching the platform in 2019, global customer-oriented companies across financial services, CTV, retail, healthcare, gaming, and entertainment trust InfoSum to seamlessly and compliantly deliver better customer experiences.

InfoSum was founded in 2016 with a vision to connect the world’s data without ever sharing it. The company has multiple patents, protecting its invention of the ‘non-movement of data.’ InfoSum is based in the US, UK and DE, with offices across Europe and North America.

About Chrysalis Investments Limited

Chrysalis Investments is a closed ended Investment Trust which listed on the London Stock Exchange in 2018 and is a constituent of the FTSE 250 index. Chrysalis’ investment objective is to generate long-term capital growth through investing in a diversified portfolio consisting primarily of equity or equity related investments across public and private markets. The Trust is managed by Nick Williamson and Richard Watts of Jupiter Asset Management, who have over fifty years of investment experience between them.Further information can be found at: www.chrysalisinvestments.co.uk

Investor press release

Chrysalis Investments Limited (“Chrysalis” or the “Company”)

Portfolio Update

The Company is pleased to announce an investment of $65 million in the US based parent company of InfoSum, as part of its Series B scale-up round. Previous investors in InfoSum include IA Ventures and UpFront Ventures, among others.

InfoSum is a data infrastructure business that has built a way for organisations to share data with each other such that it does not put customer data or personally identifiable information at risk. InfoSum works with global enterprises that utilise InfoSum’s technology to connect customer records without sharing data, helping to alleviate security concerns and is compliant with all current privacy law, including GDPR.

The investment by Chrysalis will enable InfoSum to continue to invest in engineering resources, grow its sales and marketing capabilities, and expand its international presence, as the company addresses the significant market opportunity in front of it.

The Company’s cash and liquidity positions remain robust, bolstered by a partial realisation of the position in Wise, given Wise’s strong share price performance since its IPO in July. This recycling of capital means the Company’s Investment Adviser has full visibility over the sources of funds to meet its near-term requirements, which include another new investment progressing through the latter stages of due diligence.

Richard Watts and Nick Williamson (co-portfolio managers) comment:

“InfoSum is a company at the forefront of society’s changing digital needs, addressing data collaboration in a trusted and privacy first-way, with an impressive track record of revenue growth. The company sits within a significant addressable market, and we look forward to offering our shareholders access to this exciting opportunity.

InfoSum has developed proprietary technology that ensures brands can enrich their data with other parties without it leaving their environment. This offering has driven one of the fastest scale-up revenue streams we have come across in the software space, and significant engagement from major customers.

Given the nature of the product, InfoSum demonstrates “network effect” potential, which we believe will be fundamental to driving future revenue growth.

We are delighted to be partnering with InfoSum and look forward to working with Brian Lesser (Chairman and CEO), Nick Halstead (Founder and CTO), and the rest of the InfoSum team to deliver on the possibilities of the technology.”

Brian Lesser (Chairman and CEO of InfoSum) said:

“We are thrilled to be partnering with the Chrysalis team. InfoSum is ready to take the next step in bolstering our organization and continue changing the way that companies utilize and protect consumer data. The market opportunity is substantial, and the investment that Chrysalis has made in us will enable InfoSum to grow our team, build a larger global footprint, and continue investing in new product developments and product enhancements.”

About InfoSum

InfoSum is the world’s leading data collaboration platform empowering companies to deliver better customer experiences while prioritizing customer privacy. Using patented, privacy-first technology, InfoSum connects customer records between and amongst companies, without moving or sharing data. Since launching the platform in 2019, global customer-oriented companies across financial services, CTV, retail, healthcare, gaming, and entertainment trust InfoSum to seamlessly and compliantly deliver better customer experiences.

InfoSum was founded in 2016 with a vision to connect the world’s data without ever sharing it. The company has multiple patents, protecting its invention of the ‘non-movement of data.’ InfoSum is based in the US, UK and Germany, with offices across Europe and North America.

-ENDS-

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Safiya Marzook

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