Quill closes investment round with Panoramic Growth Equity and Smedvig Capital
We’re delighted to announce that Quill has recently closed a substantial round of financing from a new investor Panoramic Growth Equity and its largest existing investment partner, Smedvig Capital, bringing the total of funding raised to £10m.
The funding will enable Quill to accelerate its rapid growth into new markets throughout Europe and the United States.
In addition to fuelling Quill’s global expansion, the funding will also enable:
– Increased investment in the Quill Cloud – a proprietary technology platform that eliminates inefficiencies in large scale multi-language content production.
– Further expansion of the global Quill Network of freelance content creators.
– The continued roll-out of the Quill Quality Score as the industry-standard benchmark for ecommerce content quality.
The conclusion of the investment process rounds off what has been an exceptionally successful year for Quill, which has seen the company ranked among the 50 fastest-growing tech companies in the UK by Deloitte and hailed as the ‘future of content’ by Econsultancy.
In a testament to Quill’s growing position as the industry leader in Primary Content, 2017 has also seen the addition of several landmark brands to Quill’s already impressive client roster, including John Lewis, Zalando, eBay and Mothercare.
Jon Lerner, Managing Director at Smedvig Capital, commented: “Quill is a truly pioneering business that’s completely disrupting the traditional model for content production. We were delighted to participate in this latest funding round and look forward to continuing our support of the business through its next phase of growth.”
Investment Partner at Panoramic Growth Equity, Malcolm Kpedekpo, also commented: “We have been immensely impressed by Quill’s unique capability to produce high-quality content at unprecedented speed and scale – as well as the calibre of its team and clients. The company represents an exciting addition to Panoramic’s investment portfolio and we look forwarding to helping Quill execute its ambitious expansion strategy.”
Reflecting on the successful deal, Quill Founder and CEO Ed Bussey said: “Quill’s mission is to redefine how digital content is created. We’re at the forefront of a flourishing industry, at a time when demand for quality online content is soaring, and the old models of content production can’t meet this demand.”
“With our unique business model – using technology to enable a global talent marketplace – we can produce high quality content at the speed and volume required by the fast-growth ecommerce companies emerging globally. This investment round gives us the financial firepower to scale our operations globally.”