Experian makes strategic investment in location data company PlaceIQ

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Experian makes strategic investment in location data company PlaceIQ

PlaceIQ is announcing a strategic investment from Experian.

 

CEO Duncan McCall said the investment is part of a growth round that PlaceIQ raised after divesting itself of its advertising business (which is being taken over by Zeta Global). He declined to disclose the size of the round, or of the Experian investment.

 

“It’s a multi-year, strategic partnership, where we will work together to license data [to Experian], and they also proactively become an investor in the company,” McCall said, adding that this “coincided nicely with us divesting of our media business and raising a modest growth round.”

 

While Experian is best-known for credit reporting, this partnership involves its marketing services business. Under the deal, the Experian Marketing Services will incorporate PlaceIQ’s LandMark location data product into its broader suite of data and measurement tools.

 

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