Wordnerds Raises £1.6M in Funding
Wordnerds uses artificial intelligence to interpret unstructured text data, helping businesses understand customer feedback, social media conversations, and internal communications.
Company Name: Wordnerds
Location: Gateshead, UK
Industry: AI-Powered Text Analysis
Funding Details:
- Amount: £1.6M
- Sources:
- Northstar Ventures: £720K (£160K from Northstar EIS Growth Fund, £560K from North East Innovation Fund supported by the European Regional Development Fund)
- Early-Stage Investors: Stephen Zinser and Leigh Cresswell
- Grant: £521K from Innovate UK’s Future Economy Investor Partnership programme
Purpose of Investment:
The funds will be used to expand Wordnerds’ operations and enhance its product development efforts.
Leadership:
- CEO: Pete Daykin
Product:
Wordnerds provides an AI-powered platform that analyzes unstructured text, enabling consumer-facing businesses to gain actionable insights in minutes.
About the Company:
Wordnerds uses artificial intelligence to interpret unstructured text data, helping businesses understand customer feedback, social media conversations, and internal communications. The platform delivers rapid, data-driven insights, turning qualitative information into strategic action points.
Clients:
Notable organizations using Wordnerds’ platform include Sainsbury’s, M&S, Network Rail, and the Department for Work and Pensions.
