Dublin-based Xtremepush is a customer engagement, personalisation and data platform provider. Now, the company has received €18 million (nearly £15.4 million) investment from Grafton Capital, a London-based growth investor.
Funds from London investor
Founded in 2014, Grafton Capital has invested over £130 million in leading European software and technology companies. Recently, it exited SportPursuit and sold Softomotive to Microsoft Inc in 2020. Grafton Capital typically invests between £5 million and £20 million in growth-stage companies providing software, data, and analytics, online platforms or marketplaces. Its funds will be used for the next phase of growth, to provide founder liquidity, or to provide an exit for legacy shareholders.
Tommy Kearns, CEO and Co-Founder of Xtremepush, said: “This funding from Grafton Capital is an enormous vote of confidence in Xtremepush. It validates and recognises the calibre of our technology, our people, and the ambitious growth plans we have for the company globally. It also gives us very welcome access to Grafton Capital’s vast knowledge and experience in the growth stage development of SaaS companies like ours, and will allow us to move ahead with aggressive expansion in overseas markets, including North America, the Middle East and Asia. Xtremepush is now in hyper-growth mode. We want to scale quickly in all of these markets, both organically and through strategic acquisitions.”
Edward Barroll Brown, Managing Partner at Grafton Capital said: “Xtremepush has a first-rate team that have developed an excellent product and built an impressive suite of global customers. Having delivered profitable organic growth to date, we are thrilled to have been selected as the first external investor, and our investment will allow the business to accelerate its growth globally.”
Eyeing to grow in the UK
Xtremepush is built to deliver mobile-first, multi-channel customer experiences. The company offers deep data capabilities, making it a go-to multi-channel marketing hub for enterprise brands. It was established by Tommy Kearns and Kevin Collins in 2014. Xtremepush initially established itself beyond Ireland, building a presence in the UK and more recently has developed a global reach.
It employs 70 people at offices in the UK, Ireland, Poland, Turkey, Romania, Russia and the Czech Republic and the US. It also opened a new headquarters in New York last December. Its clients include Groupe Dynamite, Piping Rock, Oregon State Lottery, Penn International Gaming, PlayUp and Ownersbox.