MMC, Frontline, LocalGlobe in £16m round for Signal Media

The Guardian Media Group's GMG Ventures led the round, although MMC contributed the largest amount of capital. The series-B also saw participation from the venture arms of Hearst and Reed Elsevier, while Kreos Capital provided a debt facility to support the transaction.

Signal Media will look to expand further into the US market and invest in product development following the round.

According to a statement, the business has doubled its headcount and quadrupled its turnover since its series-A funding round.

Previous funding
MMC, Frontline, LocalGlobe, Hearst and Reed took part in a £5.8m funding round for Signal Media in 2016.

Company
Founded in 2013, London-headquartered Signal Media develops software that monitors and curates media coverage related to its customers, and provides access to premium content at a fixed monthly price. It monitors 2.8 million sources across online, print, television, radio and regulatory sources, according to the statement. Its clients include Allen & Overy, Amnesty International, British Airways, E.ON, TalkTalk, Thomas Cook and Whitbread. Signal Media has a headcount of around 100.

People
GMG Ventures – Alan Hudson (founder, managing partner).
MMC Ventures – Simon Menashy (partner).
Signal Media – David Benigson (founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• MMC Ventures
• Venture