Leeds based scale-up data company eyes global expansion via six-figure investment

A new six-figure funding round will accelerate the global roll-out of The Data City’s AI-driven data platform.

The funding comes from existing backers, Yorkshire-based venture capitalist firm, Venturian. It values The Data City at £10m, only six years since the company was founded.

The scale-up data company will use the funding to expand its team and support the expansion of its customer base globally. The global product offers access to 94 million companies, including USA and Europe. The data available is underpinned by CreditSafe’s global financial company data.

Paul Connell, executive chair of The Data City, commented: “This investment is a vital stepping stone in The Data City’s journey to becoming a global data as a service (DaaS) company which will be supported by a Series A funding round during 2025.”

The global product represents the first time company data from the US, and the rest of the world will be combined with The Data City’s Classification AI and proprietary RTICs - all available on a world-class platform.

Commenting on the investment, Alex Craven, CEO of The Data City, said: “The investment comes after a landmark year for The Data City. The team achieved 100 per cent growth year-on-year and achieved record profits.

“Our plan was always to take our data platform to a global audience, enabling decision makers to benefit from a real-time, AI-driven understanding of the world’s industries.”

The Data City is growing its team of data analysts and developers to build capacity and will strengthen its management team. It is also increasing the number of third-party data providers it works with to add to the insight capabilities of the platform. It plans to create a minimum of five new jobs in the next 12 months.

Building on the existing success of its UK platform, Leeds based The Data City’s Global Platform product will take the interface, data and functionality already familiar to its clients and combine it with an expanding global dataset across 11 core territories.

The new platform now maps the global emerging economy, allowing governments and investors to direct policy and capital on an international scale.

Greg Allsopp, investment director at Venturian, added: “The Data City is changing the way companies and organisations use data to inform the decisions that matter. It has quickly established itself as a respected data partner in the UK and is ready to take the next step in its global expansion.”

By Matthew Neville – Senior Correspondent, Bdaily

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