Consent management solution provider Usercentrics has netted €17m in its Series B funding round, which was led by growth equity firm Full In Partners.
Other contributions came from Alstin Capital, Reimann Investors, and Cavalry Ventures.
With this equity infusion, the FinTech is beginning its next growth phase, which will see it increase its footprint in North America.
Over the past year, the RegTech has witnessed strong growth, quadrupling its annual recurring revenue and headcount.
The RegTech company’s solution enables companies and website operators to obtain, manage and document the valid consent of their visitors for the event of an audit. Its platform helps firms to ensure they maintain compliance with GDPR.
Usercentrics CEO and founder Mischa Rürup said, “Operating a data-driven marketing strategy in compliance with international data privacy law presents a major challenge to most businesses. AI and Machine Learning models require a lot of data, and obtaining this data requires users consent. Informed consent must be given freely, in granular detail and prior to loading marketing technologies.
“Usercentrics is currently processing over a billion consents per day for leading enterprises. We firmly believe the strategic support of our investors and this injection of capital will propel us to become global leaders in the areas of Consent and Preference Management”.
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