PwC Raise | Ventures advises Zapnito on £3.3m Series A capital raise

The PwC Raise | Ventures team is pleased to announce that it has advised online community engagement platform Zapnito in securing its £3.3m Series A funding led by Octopus Ventures.

Zapnito’s software platform allows organisations to build branded communities which allow them to engage the people who really matter to their business.

The Series A follows several years of strong growth and a growing client base including Springer Nature, Informa & the OECD. The funding will be used to continue to develop the platform and further scale sales and marketing efforts.

The PwC team advising on the deal are Glen Waters, Charlie Robinson, Matthew Ward, and Tom Hudson.

The PwC Raise | Ventures team said:

“It has been a pleasure to work with the team at Zapnito to secure the right investor which will help them on their journey of continued growth. The pandemic has heightened a focus on quality digital-first experiences for customers and Zapnito is primed to support businesses navigate this landscape. Octopus Ventures will make a fantastic partner for Zapnito as they continue to develop their platform and realise their market potential.”

Charles Thiede, CEO of Zapnito, said:

“From the beginning of Zapnito, we have focused on enabling brands to create trusted communities. Until now our growth has been bootstrapped through self-funding and Angel investment. We are delighted to have worked with PwC for our current fundraise who prepared us for the process, and found the right investor in Octopus Ventures. In Octopus Ventures we have found the right partner to allow us to further grow the Zapnito platform for larger enterprises and expansion into new markets. We’re incredibly proud to join their investment portfolio, and look forward to working with them to advance our mission of expert communities and collective intelligence.”

Paul Davidson, Principal at Octopus Ventures, said:

“Community management is now a crucial part of how brands service their customers. It can also help showcase their identity among the most loyal subscribers and contributors. In Zapnito, Charles and Jon have developed a market-leading proposition that enables companies to embrace the power of communities by harnessing collective intelligence. This is a trend that we see gathering pace as brands seek to take greater control of their narrative. We are excited to be backing Zapnito and look forward to supporting its expansion into new markets with this funding round.”

ENDS

Notes to editors

About Zapnito

Zapnito powers customer participation through branded, expert communities. The white-label platform allows brands to connect with their customers to share knowledge, interact and co-create, and harness collective intelligence. Founded in 2013, Zapnito powers the expert communities of leading brands including Springer Nature, The OECD, Informa and the Ellen McArthur Foundation.

About PwC Raise | Ventures

PwC Raise | Ventures supports fast-growing, early-stage companies looking to raise between £1m - £30m to fund their growth. We provide expertise throughout a company's investment journey and offer the speed and focus of a boutique, with the unrivalled access of PwC's global network, seeking to build a long-term partnership with you for your fundraise and beyond.

Additionally, we work closely with a number of investors to help bring them quality deal flow, pre-packaged and ready for investment based on their criteria. For more information on how we can help you, please get in touch.

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