# W2 Global Data Solutions secures £3m series a funding Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-11-22 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: W2 Completes £3M Series A Round with Mercia Technologies Meta Description: Discover how W2, a provider of SaaS solutions, will use this financing to expand sales, accelerate product development, and strengthen global reach. URL: https://financedigest.com/w2-global-data-solutions-secures-3m-series-a-fundinghtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/investment-announcement-1736840204275-compressed.jpg) W2, a provider of SaaS, B2B software solutions and services has today announced it has completed a £3million Series A round of financing with investment from investors Mercia Technologies PLC and the Development Bank of Wales. This substantial funding builds on an exceptional year for W2 which saw a rapidly growing list of clients, key employee appointments and market momentum in target sectors such as emerging payments, betting and gaming. This funding will help W2 to further expand its sales and marketing efforts as well as broaden and accelerate product development and extend its global reach. ![Warren Russell](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/warren-1736840204203-compressed.jpg) Warren Russell W2 offers customers the ability to streamline customer acquisition and manage regulatory risk by performing real-time [identity verification](https://www.financedigest.com/how-digital-identity-verification-will-revolutionize-security-defenses-in-the-financial-services-industry.html "How Digital Identity Verification Will Revolutionize Security Defenses in the Financial Services Industry"), anti-money laundering and anti-fraud checks against consumers and corporates on an international scale. The company targets firms in the regulated, government and business community across the globe, and is primarily focused on selling to the gaming, payments and foreign [exchange markets](https://www.financedigest.com/the-health-information-exchange-market-to-grow-on-a-satisfactory-note.html "The Health Information Exchange Market to grow on a satisfactory note") on multi-year revenue contracts. Newport-based W2 was founded by CEO Warren Russell in 2011 after building significant experience in the [anti-money laundering](https://www.financedigest.com/are-compliance-and-anti-money-laundering-aml-regulations-hurting-your-sales.html "Are compliance and anti-money laundering (AML) regulations hurting your sales?"), fraud and identity verification markets. Warren Russell, CEO of W2, said: “With the continued support from Mercia and Development [Bank of Wales we will be able to continue establishing our position as a key](https://www.financedigest.com/russia-bans-western-investors-from-selling-banking-key-energy-stakes.html "Russia bans Western investors from selling banking, key energy stakes") world player in our field. This further [investment will enable us to step up our international](https://www.financedigest.com/international-investment-soars-as-albania-steps-into-global-spotlight.html "INTERNATIONAL INVESTMENT SOARS AS ALBANIA STEPS INTO GLOBAL SPOTLIGHT") sales plans and further grow our team to support our rapidly expanding business. We feel honoured that our existing [investors are backing](https://www.financedigest.com/exclusive-new-investor-backs-bt-says-fibre-jv-may-not-be-needed-source.html "Exclusive-New investor backs BT, says fibre JV may not be needed – source") us every step of the way” Julian Viggars, Chief [Investment Officer of Mercia Technologies](https://www.financedigest.com/adnami-to-receive-six-figure-sum-of-investment-from-danish-government-in-recognition-of-its-pioneering-technology-and-strategy.html "Adnami to receive six-figure sum of investment from Danish government in recognition of its pioneering technology and strategy") PLC, said: “Having initially [backed W2 through our managed funds](https://www.financedigest.com/norway-sovereign-fund-backs-teck-resources-in-battle-with-glencore.html "Norway sovereign fund backs Teck Resources in battle with Glencore"), we are delighted to continue to support the business and its highly experienced management team as it becomes the latest Emerging Star to join our direct investment portfolio. SaaS technology continues to be one of Mercia’s key areas of focus and we see significant potential for delivering shareholder value over the [medium term](https://www.financedigest.com/ab-inbev-aims-for-core-profit-growth-of-4-to-8-over-medium-term.html "AB InBev aims for core profit growth of 4% to 8% over medium term") as W2 continues to grow.” Richard Thompson, [Senior Investment Executive at Development Bank](https://www.financedigest.com/societe-generale-says-two-senior-executives-to-leave-bank.html "Societe Generale says two senior executives to leave bank") of Wales, said: “We are thrilled to once again be co-investing with Mercia in this latest round to support Warren and his team. W2 has [made tremendous progress](https://www.financedigest.com/sweden-finland-and-turkey-have-made-progress-on-nato-membership-sweden-says.html "Sweden, Finland and Turkey have made progress on NATO membership, Sweden says") in recent years and we are excited to see what this funding will bring to the business. With this investment and the increasing demands in regulatory compliance W2 are well positioned to become a [leading player](https://www.financedigest.com/bicycle-chain-market-size-and-forecast-2020-2030-with-post-impact-of-covid-19-by-top-leading-players-sram-llc-renold-plc-taya-chain-co-ltd-kmc-group-shimano-inc-tien.html "Bicycle Chain Market Size And Forecast (2020-2030) | With Post Impact Of Covid-19 By Top Leading Players- SRAM LLC., Renold PLC., Taya Chain Co., Ltd., KMC Group, Shimano Inc., Tien") in their market.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---