Melbourne, Australia – Australian-based startup Lexer, which provides a customer data platform for brands and retailers, has raised AU$33.5M in Series B funding, bringing its total funding to AU$43M. The funds will be used to bulk up its team, accelerate product development, and expand globally.
The platform provides data, software, and services that deliver all the tools required to understand and engage with customers, aiming to help brands and retailers drive sales. Lexer collects and enriches fragmented data sources into a single customer view, Brands like Quicksilver, Zimmermann, Billabong, Optus, and The Iconic are some that are already using Lexer.
The company said that with its team expansion, the funding will go into adding 50 people to the team over the next 12 months. It revealed further that it is aiming to hire a person per week for the next year, doubling its headcount across Australia, the United States, and Southeast Asia.
Dave Whittle, CEO of Lexer, commented that the platform exists to help brands orient their business around the customer with its software, using data to deliver human experiences.
“Brands are awash with data these days, but it’s siloed, and they have no way of sorting, managing, gleaning insights, and taking action from it. Using Lexer, a business can provide its customers the personalized experience they deserve. We call this genuine engagement,” Whittle said.
The round was headed by Blackbird Ventures and King River Capital, with Series A investor January Capital.