Ruler Analytics has received a “six figure” investment from AXM Venture Capital, with plans to treble in size over the next 2 years.
The Liverpool agency received its first 6-figure sum from The North West Fund for Digital and Creative at the end of 2015. This enabled it to spin out of its parent company, Epic New Media.
It claims to have had 500% growth in the last 6 months alone and will use the additional cash to support recruitment and develop new products.
“We are delighted to receive the ongoing support from AXM following our growth in the first six months of 2016. The follow on funding is another significant six-figure investment that will help us to stay on trajectory for consistent high growth and turnover in our first complete financial year of over £1million,” said Daniel Reilly, managing director of Ruler Analytics.
Rupert Wingate-Saul is the investment director at AXM Venture Capital, which also managed the North West Fund investment:
“The Ruler team has a strong track record of delivering value for their clients. When looking for investments we like to find solutions that will become part of their clients’ daily workflow. We believe the Ruler Analytics platform will achieve this goal.”
Ruler Analytics was founded in 2012 by Ian Leadbetter and business partner, Daniel Reilly.