Founded in 2016, InfoSum is based in the US, UK and Germany, and uses technology to connect customer records between companies, without moving or sharing data.

InfoSum closed its Series A funding in September 2020. It will use the most recent funding to boost hiring, expand geographically and develop its platform further.

Kantar and ITV are among the company’s clients.

Brian Lesser, chairman and chief executive, InfoSum (pictured), said: “The technology that enables companies to safely and securely compare customer data is thankfully entering a new phase, driven by privacy-conscious consumers and companies focused on value and control.”

Nick Halstead, founder and chief technology officer, InfoSum, added: “This investment from Chrysalis allows us to accelerate the development of our unique infrastructure and expand its innovative capabilities into new arenas.”

As part of the investment, Chrysalis Investment portfolio manager Richard Watts joins the InfoSum Board.

Watts said: “InfoSum exhibits one of the fastest scale-up revenue streams we have come across in the software space, and, we believe, addresses a significant market opportunity in a digitalised world. We are delighted to be partnering with InfoSum and look forward to working with Brian Lesser, Nick Halstead, and the rest of the InfoSum team to deliver on the possibilities of the technology.”