London-based Cognism raises €10.5 million to expand its data compliance solution across Europe

UK startup Cognism, a leading all-in-one globally compliant prospecting solution, has announced it has raised €10.5 million in funding, with plans to expand further across Europe.

Cognism, founded in 2015, helps companies become data compliant, and offers one of the world’s leading all-in-one globally compliant B2B prospecting solutions. Powered by patented AI technology, it provides organisations with compliant B2B data and a suite of sales acceleration tools to help action it. Currently, the startups enables its 500 worldwide business customers to find and deliver new revenue faster, including famous brands like Adzooma, Vidyard, Clifford Chance and Frost & Sullivan.

This new funding round was led by AXA Venture Partners and is an extension to the €8.8 million that the startup already raised with PeakSpan Capital. Since the last funding round, Cognism has opened an office in New York and expanded its three offices in the UK, Europe and Asia. The company also enhanced its AI expertise with James Hodson, former Head of AI at Bloomberg, joining as Chief Science Officer.

Axa Venture Partners decided to invest in Cognism as it prepares for the next stage in its growth. Imran Akram, General Partner at AXA, commented: “Cognism’s integrated data and software platform solves major pain points in the B2B marketing and sales workflow and it didn’t take long for us to get excited about what the team have built. We are excited to help in this next phase of international expansion and partnerships and it’s exactly in our core focus stage of growth.”

Cognism intends to use the AXA funding to open more offices across Europe and deepen its localised regulatory expertise. This will help the company to fulfill its goal of setting the global standard for data compliance in 2020 and beyond.