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Rebecca Wayman

Ve Group secures £15m investment to expand business

Ve Global has announced a secure £15m investment which will be used to strengthen its worldwide business.

The company, which specialises in technology and offers online advertising and onsite engagement solutions to increase sales, will use the funds to continue to develop its consumer-first solutions and enhance its technology.

This investment will help to consolidate the company’s position across 18 territories and facilitate the hiring of world-class staff.

The CEO, Morten Tonnesen, commented: “This funding represents a significant milestone in Ve’s journey and allows the business to enhance, develop and deliver more consumer-first technologies that inspire our client’s customers throughout their online journey.

The money will be spent on enriching our current product stack… For our people, [it] translates into internal structures and incentives that reward their hard work and allow us to onboard the talent we need to help on our mission in delivering meaningful growth to our clients.“

The Ve team is led by both Tonnesen and COO David Marrinan-Hayes. Additionally, the funding will help to advance expansion into new markets like China and India as well as help the launch of its new brand and product offering.

Founded in 2009, the company has since developed a proposition that fights onsite abandonment by attracting the right audience with the right message when necessary.

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