Results International has advised Clavis Insight on its investment from Accel-KKR and Exisitng Investors
- Service: Equity Fundraising
- Sector: Technology
- Sub Sector: Enterprise SaaS
- Engagement Type: Buy Side
Clavis Insight, the world’s leading provider of eCommerce store analytics to consumer goods companies, announced today it has received a US$20 million growth equity investment from Accel-KKR, a technology-focused private equity investment firm, and existing investors.
The investment will be used to support the Clavis’ strategic growth initiatives including the expansion of sales and customer support efforts in United States, Europe and China and the continued innovation in its eCommerce Intelligence platform that is used by nine of the world’s top 10 consumer packaged goods (CPG) companies and half of the next 100 CPG or fast moving consumer goods (FMCG) companies. For a video with more information on Clavis Insight’s solution, please visit: http://clavisinsight.com/?s=video.
“We have built Clavis into the industry standard in eCommerce analytics for CPG brands by delivering a functionally rich and technologically robust platform that can be used globally. Today, Clavis monitors online retailers across more than 20 countries for our customers,” said Garry Moroney, chief executive officer, Clavis Insight. “The investment partnership with Accel-KKR allows Clavis to effectively capitalize on the growth opportunities ahead of the business, significantly broaden its leadership position in the industry and better support our consumer goods customer base.”
Clavis is poised to take advantage of the continued growth in online shoppers and the significant increases in online shopping in developed and emerging markets. According to a 2015 United Nations Conference on Trade and Development report, approximately 1.7 billion consumers will shop online by 2018, representing close to 20% of the world’s population.
Clavis has created a leadership position...by uniquely tackling the most complex challenges global CPG brands face...in the eCommerce channel. Accel-KKR is excited to partner with the team at Clavis to drive its expansion globally, which in turn will allow the company to further support its customers.
Managing Director, Accel-KKR