On 13th February 2023, NetworksX, a market and human insights provider for investment firms, consulting firms and MNC’s, closed a seed round of $610,000 led by Melbourne based Pitch Venture Capital and European investors. After founding the company in 2021 with the vision of democratising access to valuable insight across all investment stages through automation and technology innovation, NetworksX saw rapid revenue growth in 2022 through strong client acquisition and adoption across the globe.
Founder Tobias Raper said that “2022 was a great first year for the business and we are immensely proud of both the founding team we have built and the value we have brought to our clients that use our services repeatedly.” He added that “in 12 months our market, both domestically and internationally, has shown us that our offering is both attractive and essential to their processes and this has allowed us to have the confidence to go out and raise capital so as to expand the business in a number of areas.”
The Seed Round is earmarked to allow NetworksX to:
- Expand its operations to provide deeper and faster research services for bespoke requirements.
- Further develop its proprietary technology to increase automation, broaden its offering to investors and further democratise access.
- Invest in Business Development function to drive greater client acquisition in APAC.
About NetworksX Pty Ltd: NetworksX, founded in 2021, is a human and market insights platform connecting investment firms, consultancies, MNC’s and Advisory firms with the critical knowledge and insight they need to make better strategic and investment decisions. NetworksX has supported its clients across Australia, US and Europe on over 850 requests for deep market and technical insights essential to their process.
