Stripes Group invests $40m in GlobalWebIndex

The company will look to pursue international expansion, with a particular focus on the Americas and Asia Pacific region, and invest in product development. It will also enable it to recruit to its data, engineering, account management and customer services teams.

GlobalWebIndex has opened offices in New York and Los Angeles over the course of the last 18 months.

As part of the deal, Stripes Group partner Ron Shah will take a seat on the company's board of directors.

Company
Founded in 2009, London-headquartered GlobalWebIndex is a consumer-focused digital market research and data analysis company. The business serves clients in around 80 countries.

People
Stripes Group - Ron Shah (partner).
GlobalWebIndex - Tom Smith (founder, CEO).

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• Expansion
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