Chrysalis backs InfoSum – Chrysalis Investments has made a $65m investment in the US based parent company of InfoSum, as part of its Series B scale-up round. Previous investors in InfoSum include IA Ventures and UpFront Ventures, among others.
InfoSum is a data infrastructure business that has built a way for organisations to share data with each other such that it does not put customer data or personally identifiable information at risk. InfoSum works with global enterprises that utilise InfoSum’s technology to connect customer records without sharing data, helping to alleviate security concerns and is compliant with all current privacy law, including GDPR.
The investment by Chrysalis will enable InfoSum to continue to invest in engineering resources, grow its sales and marketing capabilities, and expand its international presence, as the company addresses the significant market opportunity in front of it.
Chrysalis has sold part of its position in Wise, given Wise’s strong share price performance since its IPO in July. this has freed up cash to make this and other investments. The company says that has another new investment progressing through the latter stages of due diligence.
About InfoSum
InfoSum is the world’s leading data collaboration platform empowering companies to deliver better customer experiences while prioritizing customer privacy. Using patented, privacy-first technology, InfoSum connects customer records between and amongst companies, without moving or sharing data. Since launching the platform in 2019, global customer-oriented companies across financial services, CTV, retail, healthcare, gaming, and entertainment trust InfoSum to seamlessly and compliantly deliver better customer experiences.
InfoSum was founded in 2016 with a vision to connect the world’s data without ever sharing it. The company has multiple patents, protecting its invention of the ‘non-movement of data.’ InfoSum is based in the US, UK and Germany, with offices across Europe and North America.
CHRY : Chrysalis backs InfoSum