Tegus, a market intelligence platform for decision makers, has raised $90m in Series B funding, led by Oberndorf Enterprises and Willoughby Capital.
Tegus said it will use the investment to continue its expansion, broaden its data offering, and to accelerate the development of its product suite.
Founded in 2017 by twin brothers Michael and Thomas Elnick, Tegus provides primary business and market intelligence for key decision makers. The company conducts research and collects data which enable clients to discover answers to their most challenging questions.
The company now serves more than 1,000 customers worldwide, a 300% increase in the last year. Its clients include investment firms, Fortune 100 enterprises, corporations, and consultancies.
Tegus said it is also taking this opportunity to jump-start its European expansion, opening a new office in Waterford, Ireland. Moreover, the company is hiring for a wide range of go-to-market and operations roles in Europe. Over the next two years, the company has committed to hiring an additional 100 team members in the region.
Thomas Elnick, founder and co-CEO of Tegus, said “Every company in every industry relies on qualitative insights and information to make better decisions, faster.
“Tegus created a modern research hub which rapidly educates users on the most relevant business topics, enabling informed decisions.”
Michael Elnick, founder and co-CEO, added, “Our investor base is unique in that all of them have been Tegus customers for many years. We feel fortunate that our largest investors are also daily users of our product, and we are excited to partner with Oberndorf and Willoughby to draw on their experience building differentiated companies for the very long-term.”
Copyright © 2021 FinTech Global
