Turtl raises $17m from Octopus Ventures in enterprise content revolution

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27th September 2021
Author: Kate Terry
Posted in: News

London/Boston –  Last week, Turtl announced a raise of $17m in Series A funding from leading European venture firm Octopus Ventures. The investment follows record revenue growth, the development of a sizable US footprint, and multiple internationally recognized enterprise customer wins. But what does the investment mean for enterprise content moving forward?

Well, firstly, digital content is now critical for building business relationships. For instance, enterprises can often struggle to deliver high-quality, personalized content at scale. Turtl’s patent-pending, cloud-based platform makes business materials easier to create, read, and analyze. Everything from brochures to sales decks, and staff newsletters to ABM campaigns can be created without compromising on speed, scale, or quality.

Secondly, the platform’s interactive content format is informed by a range of psychological principles. For example, how we read and how we retain information, which aims to maximize engagement.

As a result, an independent research study found that, when compared to Turtl, the PDF loses out on 90% of reader engagement. In the real world, Turtl customers have seen 7x more engagement with their enterprise content.

Click to read Lumen Research: Why the PDF loses 90% of engagement

Moving forward with Turtl

Turtl integrates across the technology stack. This includes major CRM platforms such as Salesforce, marketing automation suites like Marketo, and Business Intelligence platforms such as Domo. In other words, Turtl enables automated personalization at scale and speed. In doing so, the company’s own data indicates that its platform can save every salesperson an average of two hours per week. This equates to the equivalent of 14 days per year.

With just 10% of staff based in the US to date, Turtl has grown the US business to account for 60% of revenue. Led by an experienced senior team including former Experian, and Cisco executives, Turtl’s US team is set to expand and build on this record growth in the market.

Turtl’s global client base spreads across a range of sectors. These include automotive, FMCG, finance, technology, professional services, retail, insurance, and big data. With 70% of B2B marketers citing a planned increase in spending on content creation in 2021, and clients including Cisco (Fortune 500) and Nestlé Professional, the funding will enable Turtl to continue building on its existing momentum.

Nick Mason on a stage with black curtain discussing enterprise content

Nick Mason, Co-Founder and CEO of Turtl

Commenting on the raise, Nick Mason, Co-Founder & CEO of Turtl said: This is a huge milestone in the evolution of Turtl. Above all, content automation platforms need to be accessible and easy to use across an organization. From marketing and sales to communications and recruitment, non-designers can have the power to make design-quality content.”

Our mission is to ensure enterprise content is timely, relevant, and engaging for all. This funding is crucial for us to progress to the next stage of that journey.”

Automated, personalized, engaging enterprise content

Uthish Ranjan, Principal at Octopus Ventures said: “The ability to rapidly create engaging content has become critical to the way enterprise B2B organizations win and retain customers. However, this can often prove very time consuming, especially within large and complex organizations. Turtl’s leading content automation technology sets out to solve this problem. With Turtl, businesses can rapidly deliver such engaging business materials at scale, offering huge time savings.

“Nick and the team are relentlessly focused on pushing the boundaries of automation and personalization to new and exciting levels, supported by impressive growth and an exceptional management team. We look forward to working with Turtl on their journey to becoming the category leader in content automation.”

For more information please contact:
Kate Terry, Head of Demand
kate.terry@turtl.co

About Turtl 

Turtl is the only content automation platform that enables enterprises to personalize interactive content at scale. In addition, its cloud-based platform makes business materials easier to create, read, and analyze. All of this without having to compromise on scale, speed, or quality. Founded and headquartered in London, Turtl also has offices in Boston.

Turtl is helping to transform enterprise content across multiple industries worldwide. Spanning the EU, North America, Africa, and Asia, Turtl’s global customer base included more than 75 globally recognized brands and hundreds of other businesses.

About Octopus Ventures

Octopus is for the people and ideas that will change the world. Octopus Ventures believes you can build a better tomorrow by investing in it today. Therefore, we are here to back you at every stage of your journey, from ideas on a page through to IPO. Each year we deploy more than £200 million across five areas where we see maximum potential for impact. These areas are health, fintech, deep tech, consumer, and B2B software. With many years of experience and expertise investing in each of these areas, our team can help our portfolio companies scale at speed.

For us, investment is about more than money. Being truly invested is about giving time, energy and, focus; working with founders to give them the best chance of success. It means a shared commitment to solving the big problems that matter. We’ve backed the likes of BoughtByMany, Cazoo, Depop, Elvie and WaveOptics, and many more. We are based in London and New York with a network of partners across the U.S and Asia.

Turtl