Dachis Group Continues Expansion With $30 Million in Funding


Austin-based Dachis Group which just acquired Powered Inc., a roll up of StepChange, Drillteam and Crayon, has just completed $30 million in Series B funding. Led by Austin Ventures, the investment will be used to help the company expand and live up to its own self billing as the world's largest social business consultancy.

Prattling on about Dachis Group's growth, Austin Ventures General Partner Chris Pacitti said, "Beyond social media marketing, Dachis Group has created a unique unified offering across the entire social engagement spectrum, from business strategy through engagement planning and tactical implementation for global marketers, the workforce and the enterprise. We see the company's distinct offering resonating strongly from C-suite executives through line of business owners who seek to benefit from becoming Social Businesses, and we are excited to further our investment in Dachis Group."

Aside from the fact that statement is applicable to just about any company in the marketing space, Dachis certainly has grown by leaps and bounds in recent years. The company now employs 220 in ten cities across five countries including London, Madrid, Amsterdam, and New York. It claims to work for 15 percent of Fortune 500 companies and has 300 clients.

by Steve Hall    Jan- 5-11   Click to Comment   
Topic: Agencies