Perwyn invests in $40m series-B for Decibel

The firm is an evergreen multi-family office that takes lead positions in funding rounds for companies with enterprise values of £50-200m.

Draper Esprit led a $17m investment in the series-B funding round for Decibel in November 2019. Existing investors Eight Roads Ventures and John Simon's Ventureforgood investment entity also participated.

The company generates almost half of its revenues in North America and much of the fresh capital will go towards expanding the company's footprint there, according to a statement.

Previous funding
In 2017, Decibel raised $9m from Eight Roads and John Simon.

Company
Founded in 2013 and based in London, Decibel creates software that allows customers to see how users behave on websites and apps.

People
Perwyn – Andrew Wynn (partner).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• Draper Esprit
• United Kingdom