18 Nov 2008   |   News

Clash raises £1.5M for online lead generation

Investment round completed

The online lead generation company Clash-Media has raised £1.5 million of funding from MMC Ventures to support its European expansion, as it adds offices in France, Spain and Italy to its UK, Scandinavian, German and US operations.

The investment will also enable it to add further developments to its underlying technology. “We have exceeded our growth targets so far and fully intend to continue doing that,” said Simon Wajcenberg, CEO of Clash-Media. “Businesses need genuine sales leads to keep and grow market share and in today’s slowing economic conditions we are finding that more and more organisations are seeing the real value of our approach to performance-based online lead generation.”

“Clash-Media has demonstrated significant growth, steady profitability and a stable business model, which really sets it apart from many companies that are struggling in the current market conditions,” added Ben Richardson Investment Director at MMC Ventures. “The market is open to such a performance-driven solution that can increase an organisation's sales.”

The company was launched in 2006 and now delivers around three million qualified sales leads per month.

Never miss an update from Science|Business:   Newsletter sign-up