The Data City is delighted to announce a significant milestone in our quest for global expansion. We have successfully secured a six-figure funding round from our valued existing backers, Yorkshire-based venture capitalist firm, Venturian. This strategic investment values The Data City at £10 million, underscoring our remarkable growth and potential only six years since we were founded.
Our plans for expansion
This substantial financial boost represents a pivotal moment for The Data City as we embark on an ambitious plan for global expansion. These funds will play a crucial role in expanding our talented team, upgrading our technological infrastructure, and supporting the rapid growth of our customer base on a global scale. At the heart of this exciting journey lies our groundbreaking global data platform, which offers access to invaluable insights on an astonishing 94 million companies, spanning the United States and Europe. This data is built upon CreditSafe’s comprehensive global financial company data.
Paul Connell, Executive Chair of The Data City, shares his perspective on this significant investment, saying, “This investment is a vital stepping stone in The Data City’s journey to becoming a global data as a service (DaaS) company which will be supported by a Series A funding round during 2025.”
The global product represents the first time company data from the US, and the rest of the world will be combined with our classification AI and proprietary RTICs – all available on a world-class platform.
A landmark year for TDC
The investment comes after a landmark year for The Data City, with our team achieving 100% year-on-year growth and achieving record profits. Our intention was always to take our data platform to a global audience, allowing decision makers to benefit from a real-time, AI-driven understanding of the world’s industries.
Our expansion plans encompass growing our team of data analysts and developers, strengthening our management team, and forging collaborations with third-party data providers to enhance the platform’s insight capabilities. Over the next 12 months, we aim to create a minimum of five new job opportunities, further contributing to the growth of our global team.
Our global platform
Building upon the success of our UK platform, our global platform will take the interface, data and functionality already familiar to our users and combine it with an expanding global dataset across 11 core territories. This powerful platform now effectively maps the global emerging economy, enabling governments and investors to make informed policy and capital allocation decisions on an international scale.
Our core global offering includes data and company records from the world’s major economic territories, encompassing the USA (40.2 million companies), France (13 million companies), and Germany (12 million companies), with 13 million companies linked to URLs.
Interested in finding out more about our global data and platform? Sign up for our early access today.