Luxembourg-based Talkwalker has secured €5 million in funding from the Dutch software investor Main Mezzanine Capital.
Talkwalker's state of the art social media analytics platform monitors and analyzes online conversations on social networks, news websites, blogs, forums and more, in over 187 languages. Its 1500 servers process 500 million posts from 150 million websites every day. The Talkwalker platform is used by over 600 clients around the world, including Microsoft, HPE, Benetton, and communications specialists such as Peppercomm, Publicis, Ogilvy, and Weber Shandwick. The platform has been adopted by industries across the board including pharmaceuticals, luxury goods, FMCG, telecoms, hospitality, and retail.
Talkwalker has doubled in size and revenues for four consecutive years, and today employs over 120 employees. It has become a must-have service in the social media listening and analytics market; a market that is estimated to grow from $1.6 billion in 2015 to $5.4 billion by 2020, according to market research firm MarketsandMarkets.
The funding will allow Talkwalker to develop its existing social media analytics platform while expanding its sales teams in Europe and the US. A major part of the funding will be invested in the further development of its existing artificial intelligence capabilities, and to accelerate the implementation of new features that will existing features such as Talkwalker's business impact metrics, image recognition, IQ Apps and the virality map.
"Talkwalker is a leader in the field of social data listening and analytics and we're impressed with its rapidly expanding customer base, global presence and financial track record of profitable high growth" said Lars van't Hoenderdaal, CEO of Main Mezzanine Capital. "Main Mezzanine provides funding to companies with proven success, good management and sufficient growth potential. Therefore we're excited to partner with Talkwalker in this new expansion phase".
"Our customer base is expanding daily," said Talkwalker CEO Robert Glaesener. "Successfully facilitated through Tenzing Partners, this substantial investment from Main Mezzanine Capital will allow us to continue building our company, and further develop our product so we can provide even more powerful analytics and insights to boost the social performance of our customers."
Read more: PR Newswire (Press release)