Unruly, the social video advertising platform, has announced that revenue tripled from £6.0 million in fiscal year 2011 to £17.6 million, according to results for the last financial year (ended 31 March 2012). Unruly’s rapid growth as aided by the opening of new offices and $25 million Series A investment it received in January of this year, which was the largest ever for a private company in the social video space.
“In 2012 we invested in expanding our geographical footprint and hiring senior people to fuel our growth,” said Unruly founder and Group CEO Scott Button. “These are exciting times for the industry, with global online ad spend set to reach $110 billion by 2014 and online video ad spend predicted to be the fastest growing category.”
Unruly opened new offices in Chicago, Stockholm and Berlin in fiscal year 2012 and has just announced the opening of two new offices in Detroit and Los Angeles to consolidate its presence in the US. The new offices add to Unruly’s existing offices in New York, San Francisco, London, Paris, Amsterdam and Sydney.
In June Unruly relocated its headquarters in London to a four-storey building to accommodate its growing staff. Headcount grew from 24 to 73 in 2012, and currently sits at over 125 globally and the company say they plan to continue recruitment.