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Luxembourg-based Tadaweb, a company that provides an open-source intelligence platform to transform how businesses generate intelligence from publicly available data, announced that it has raised €15M in a fresh round of funding.
The funding came from Paris-based investment firm Wendel’s investment arm Wendel Growth.
The firm has acquired a minority interest in Tadaweb, expected to close in the first quarter of 2023.
Founded in 2011 by Francois Gaspard and Genna Elvin, Tadaweb is an open-source intelligence solutions provider.
It enables businesses to produce actionable intelligence by maximizing the effectiveness of research techniques and cutting the time it takes to get insight from days to minutes.
Co-founder Genna Elvin says, “This investment marks another major milestone in our history. It will accelerate our expansion globally, including our entry into the US and additional European markets. We have been a profitable company for over 5 years, and this represents a pivotal step for the company. Our recently expanded leadership team, along with this relationship, significantly shifts our ability to scale our products and the global markets we serve.”
Currently, the Luxembourg-based company employs over 120 people and has offices in Paris, London, and Ottawa.
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