Commercialisation firm IP Group has invested in web data analytics business Import.io, continuing the involvement of its Imperial Innovations subsidiary, which had backed the company in 2016.
US-based web data analytics product developer Import.io completed a $15.5m series B round yesterday featuring commercialisation firm IP Group.
The round was also backed by venture capital firms Open Ocean and Wellington Partners as well as fund management firm Oxford Capital.
Founded in 2012, Import.io sells big data analytics software that enables clients to extract, collate and visualise information from a wide range of online sources, and integrate it with other analytics and enterprise software applications.
The technology is intended to help enterprises fully digitalise their business by making the complex and inconsistent information they hold online more accessible.
Import.io has attracted more than new 300 clients so far in 2018 from industries such as financial services, retail and consulting. The series B cash will help it expand its offering as it pursues further expansion internationally.
The company received $13m in a 2016 series A round led by Imperial Innovations, the Imperial College London tech transfer spinout acquired by IP Group in late-2017, and backed by Wellington Partners, Oxford Capital, Open Ocean, Delin Capital and AME Cloud Ventures.
Wellington Partners joined business angels Louis Monier and Emmanuel Javal for Import.io’s initial $920,000 seed round in 2013, and the trio returned for a $3m second seed round in 2014 that also featured Open Ocean, AME Cloud, Wellington Partners and additional angel investors including David Axmark, Andy McLoughlin and Greg Kidd.
