Venture Capital News: NetBase Secures an Additional $9M in Series E
2015-04-29
MOUNTAIN VIEW, CA, 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 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.'
ORIX Ventures
ORIX Ventures specializes in designing highly customized financing solutions with investments starting at around $5 million and growing to $50 million. The team has committed over $1 billion to more than 100 companies. ORIX Ventures is a business unit of ORIX USA, a Dallas-based financial services firm known for providing innovative capital solutions that clients need to propel their business to the next level. With more than 1,400 employees spanning seven primary offices across the U.S. and Brazil, ORIX USA and its family of companies hold $7 billion of assets and manage an additional $30 billion, approximately. Our parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 36 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX Ventures, visit www.orix.com.
About Houlihan Lokey
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for U.S. transactions under $5 billion, the No. 1 M&A fairness opinion advisor for U.S. transactions over the past 10 years, and the No. 1 global restructuring advisor, according to Thomson Reuters.
About NetBase
NetBase is the award-winning social analytics platform that global companies use to run brands, build businesses, and connect with consumers every second. Its platform processes millions of social media posts daily for actionable business insights for marketing, research, customer service, sales, PR, and product innovation. NetBase is a trusted partner to American Airlines, Arby's, Coca-Cola, Ogilvy, T-Mobile, Universal Music Group, Walmart, and YUM! Brands. Learn more at www.netbase.com or @NetBase. See your brand's social movement in real-time with NetBase LIVE Pulse.
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