US-based big data analytics company Bottlenose has raised $13.4m in a series B round led by KPMG Capital, a technology fund owned by professional services firm KPMG International, Techcrunch reported yesterday.
Origin Ventures, Lerer Ventures, Transmedia Capital, FF Venture Capital and other unnamed investors also joined the round, which consisted of a mixture of equity and debt financing. Bottlenose expects to increase the round by raising additional debt, and is targeting a final close of $17.5m, according to an SEC filing.
The company secured $3.7m in an FF-led series A round in 2013 that included Lerer, Transmedia, Advancit, Stage One Capital, Social Starts, Social Internet Fund and a range of angel investors.
FF, Prosper Capital and various angels contributed almost $1m in seed funding over the course of 2012.
Bottlenose’s cloud-based software enables companies to analyse social media network data in real time to identify, anticipate and track trends relevant to their business.
KPMG, which described its equity stake in Bottlenose as “substantial”, has acquired a license to use the company’ss technology across its subsidiary firms. Bottlenose will use the series B cash to support growth and double its staff to 80 employees.