Big Data Firm Privitar Raises Growth Funds

London-based big data privacy and analytics specialist Privitar has raised £3m in a funding round, which it will use to accelerate growth in the UK and expand across Europe.

Launched last year, Privitar combines big data and data science products with data governance solutions, to enable multiple sectors - including financial services, telco, medical, IoT, and marketing - to publish and share data while protecting consumer data privacy and maintaining regulatory compliance. Using the firm's services, clients can share data for secondary analytics; while taking a data-centric approach to implementing privacy principles.

The firm's new funding round has been led by Illuminate Financial Management, with follow-on investment from existing investors, including private capital group 24Haymarket and IQ Capital. CEO and co-founder Jason du Preez (pictured) comments: 'We are excited to be partnering with Illuminate Financial with their deep connectivity into one of our target vertical markets. They will support our strategy to provide the leading solutions for banking and capital markets institutions. This complements the breadth of sector access facilitated by our existing investors.'

Web site: www.privitar.com .