London content automation platform secures $17m to continue US expansion
A tech platform aiming to help businesses manage an increasing volume of online content has secured multi-million dollar funding to continue its global expansion.
London-based Turtl has secured $17m in an investment round led by European venture firm Octopus Ventures.
Headquartered and founded in London, Turtl aims to make business materials easier to create, read and analyse, using its patent-pending cloud-based platform.
The investment comes off the back of 70 per cent revenue growth in the last 12 months with almost no cash burn as well as the development of a US footprint. The latest investment will support the company’s continued growth in the US.
Nick Mason, co-founder & CEO of Turtl, commented: “This is a huge milestone in the evolution of Turtl.
“Content automation platforms need to be accessible and easy to use across an organisation – from marketing to sales, and communications to recruitment - with non-designers having the power to make design-quality content.
“Our mission is to ensure enterprise content is timely, relevant and engaging for all – and this funding is crucial for us to progress to the next stage of that journey.”
Uthish Ranjan, principal at Octopus Ventures, commented: “The ability to rapidly create engaging content has become critical to the way enterprise B2B organisations win and retain customers.
“However, this can often prove very time consuming, especially within large and complex organisations. Turtl’s leading content automation technology sets out to solve this problem, enabling businesses to rapidly deliver such engaging business materials at scale, offering huge time savings.
“Nick and the team are relentlessly focused on pushing the boundaries of automation and personalisation to new and exciting levels, supported by impressive growth and an exceptional management team. We look forward to working with Turtl on their journey to becoming the category leader in content automation.”
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