NetBase Secures an Additional $9M in Series E Funding
NetBase, the enterprise-scale social media analytics company, today announced that, in a continuation of its Series E financing, the company has completed an additional $9 million of growth funding. Led by new investor ORIX Ventures and joined by long-time investor Thomvest Ventures, the funding was facilitated by international investment bank Houlihan Lokey. This brings the E series funding to a total of $33 million.
In March of this year, NetBase announced $24 million in Series E funding, which was also facilitated by Houlihan Lokey. The combined funds will be used to accelerate NetBase’s market position within the core listening and analytics space, continue developing a rich innovation roadmap, support critical alliances and drive global expansion.
“ORIX is continually seeking new high growth investment opportunities, typically in the technology sector,” said Jeff Bede, co-head and managing director at ORIX Ventures. “We were attracted to NetBase’s unique offering of a proprietary technology that is driving innovation in social analytics. Combined with the company’s significant customer base, engineering talent and strong executive leadership, we see potential for rapid growth and look forward to working with the company.”
“We were delighted to expand our successful experience in working with Houlihan Lokey to include a new relationship with ORIX Ventures,” said Peter Caswell, chief executive officer at NetBase. “We look forward to the same expertise and professionalism we’ve come to appreciate from our advisors, as well as ORIX Ventures’ focus on technology and the opportunities the group offers for continued growth and momentum. It’s extremely rewarding that ORIX Ventures, and all of our investors, see the value that NetBase has to offer.”
“Our deep relationships and broad access to multiple pools of capital enables us to effectively raise customized capital for our clients,” said Josh Tanzer, managing director and head of the Private Growth Equity Capital practice at Houlihan Lokey. “We’ve enjoyed working with NetBase throughout this round of funding.”
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