Digital archive group Mirrorweb wins $63m US investment

Manchester digital archiving and surveillance specialist MirrorWeb has won a $63 million growth equity investment from Texan group Mainsail Partners.

The huge investment will help MirrorWeb to continue its growth in the UK and US – and also allows Maven to achieve a 5.1x return on its investment.

MirrorWeb was founded in 2016 to provide communications supervision software to financial services firms, governments, and other regulated industries worldwide. Its Insight platform enables clients to capture, archive, and monitor communications across channels from websites and email to mobile, social media and instant messaging – which in turns allows clients to ensure they comply with relevant regulations.

David Clee, co-founder and CEO of MirrorWeb, said: "Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy.

“Mainsail's investment and operational resources will help us continue to support financial institutions as they navigate this environment and to meet their compliance and digital preservation needs."

As part of the transaction, David Farsai and Garret Jackson of Mainsail Partners will join the MirrorWeb board along with Romir Bosu, CEO of Nadavon Capital Partners.

Mr Farsai, partner at Mainsail Partners, said: “MirrorWeb's robust and user-friendly SaaS platform is trusted by organizations globally to help t