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SOCIAL MEDIA NEWS: Brandwatch secures £1.5m from Silicon Valley Bank

Silicon Valley Bank has announced that it will provide social media monitoring company Brandwatch with a £1.5 million venture debt facility. 

The £1.5 million will be added to the existing equity funding Brandwatch raised in March 2012, led by Nauta Capital and will allow further expansion and product innovation.

Commenting on the deal, Erin Lockwood, director of accelerator and growth, for Silicon Valley Bank’s UK Branch said: “We are proud to be part of Brandwatch’s growth.

"It is an example of an innovative UK startup which is making a real impact in a thriving sector. Silicon Valley Bank has been supporting technology companies for 30 years and we are dedicated to helping businesses like Brandwatch succeed.”