NEWS9 March 2016

Crimson Hexagon raises $20m

Financials Media News North America

US — Crimson Hexagon has raised $20m to expand its social data analysis offer, following increased demand for its work. 

The funding round was led by Sageview Capital and will be used to expand the solution as well as grow its global sales and marketing team and infrastructure. 

In the last 12 months, the company’s customer base has expanded by over 75% and the Crimson Hexagon team in the US and abroad has grown by 50%. 

“Crimson Hexagon is a true market leader with a tremendous customer list and is now positioned to expand its core capabilities to accelerate growth,” said Dean Nelson, partner at Sageview Capital.

“Sageview provides growth capital to leading companies with demonstrated success and large market opportunities. We look forward to working with Crimson Hexagon as the company continues to dominate a growing market and delivers a strong return on investment for its customers.”