TagCommander Raises EUR6.5 Million Series B Funding
TagCommander Raises EUR6.5 Million Series B Funding
PR58180
PARIS, Oct. 8 /PRN=KYODO JBN/ -
Round of investment will help Paris-based enterprise tag management pioneer
accelerate its European expansion.
TagCommander, a European pioneer and leader in the growing market for
enterprise tag management systems, has today announced a EUR6.5 million Series B
investment led by Hi Inov - Dentressangle Initiatives, with participation from
XAnge Private Equity, an investor in the company since 2012, and Bpifrance
Digital Ambition Fund.
TagCommander offers a cloud-based platform that helps marketing teams unify and
manage all digital marketing vendor tags inserted in their website pages and
mobile apps; and later, leverage the visitor insight gleaned from unifying all
tags to get their various point marketing solutions to market more effectively
on their own as well as work better together.
Enterprise Tag Management: Unify All Tags
With the TagCommander platform, marketers and their agencies manage the digital
tags of over 400 leading marketing vendors from around the world, with
point-and-click simplicity.
Digital Data Management: Helping Point Solutions to Better Market on their Own
Leveraging the insight they gain exploring visitor data captured by all tags on
their site, marketers may in turn transmit real-time data streams back to their
point marketing solutions so their engagement with online customers and
prospects becomes ever more targeted and personalized.
Digital Attribution: Helping All Tools to Better Market Together
The platform's digital attribution capabilities help marketing teams assess the
genuine contribution of each point solution to their marketing goals - letting
them continuously perfect their marketing mix.
Since its founding in 2010, TagCommander has gained the trust of over 250
enterprise and e-commerce customers in sixteen countries.
The round of financing will help TagCommander fund the company's ongoing
program of innovation, and further accelerate its commercial expansion
throughout Europe. The company has plans to open subsidiaries in the United
Kingdom, Germany, Spain and Italy soon.
"The uniqueness of its technology, the company's growth potential, and the
quality of its management team were key to our decision to support
TagCommander," says Valerie Gombart, Managing Partner of Hi Inov -
Dentressangle Initiatives.
"We are pleased to be given the means to convince European companies to adopt
TagCommander to unify and manage all their digital marketing tags, and then get
their point marketing solutions to not only market more effectively on their
own, but also work better together," says Michael Froment, Founder and CEO of
TagCommander.
About TagCommander
Founded in 2010, TagCommander is a European pioneer and leader in the growing
market for Enterprise Tag Management Systems. The TagCommander online platform
allows marketers to manage the digital tags of over 400 marketing solution
providers with point-and-click simplicity. Leveraging the insight they gain
exploring visitor data captured by all tags on their site, marketers may
transmit real-time data streams back to their point marketing solutions, so
their engagement with customers becomes ever more targeted and personalized.
The company's digital attribution capabilities in turn help marketers assess
the genuine contribution of each marketing solution to their marketing goals.
In sixteen countries, over 250 customers including Axa, Cdiscount, Air
France-KLM, PMU, Europcar, Groupalia, Yoox, Intimissimi, and the Canadian
Yellow Pages trust the company to manage their digital tags; and get their
point marketing solutions to market more effectively on their own as well as
work better together.
About Hi Inov
Hi Inov is the Venture Capital arm of Dentressangle Initiatives. Hi Inov
targets growing technology companies in the areas of POS and SaaS software with
a focus on online services, complex or niche e-commerce, digital media, the
mobile Internet, and communication devices.
About Bpifrance Digital Ambition Fund
Bpifrance Digital Ambition Fund, previously named FSN PME, is a French State
capital fund targeting midsized digital technology companies. With EUR300 million
under management, it is funded by Caisse des Depots and managed by Bpifrance.
Launched by the French State as part of its Future Investment Program, the fund
co-invests in technology companies with strong potential for innovation and
growth.
About XAnge Private Equity
XAnge Private Equity is a regulated private equity vehicle with EUR360 million
under management. Active in France, Germany and Western Europe, XAnge is a
multi-corporate fund with both industrial and financial LPs. The XAnge venture
team primarily invests in fast-growing companies of the digital, mobile, SaaS
software and fintech areas.
Media Contacts:
TagCommander: Eleius Marketing
Etienne Viellard - Phone: +33-1-75-57-13-63 - eviellard@eleius.com
Hi Inov - Dentressangle Initiatives:
Valerie Gombart - Phone: +33-1-76-74-81-14 - v.gombart@hiinov.com
XAnge: Kable; Communication Finance
Anna Casal - Phone: +33-1-44-50-54-76 - anna.casal@kable-cf.com
Alexandre Poidevin - Phone: +33-1-44-50-54-71 - alexandre.poidevin@kable-cf.com
SOURCE: TagCommander
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