‘Fastest-growing’ adtech firm Snigel to expand after new partnership deal

The Irish company, which reported a rise in gross revenues to over €40 million in 2022, has secured investment from CBPE, a private capital firm based in London, in order to scale

Ben Rycroft, co-chief executive, Snigel Web Services. ‘There are some really exciting opportunities ahead, as the digital advertising market is growing strongly’

Snigel Web Services, an Irish adtech company that has been ranked among the fastest-growing companies in Europe for the past three years, has secured significant investment from CBPE, the private capital firm, as it looks to scale the business.

While the terms of the transaction have not been disclosed, London-based CBPE typically invests in mid-market sized companies valued up to £150 million. Under the deal it becomes Snigel’s majority shareholder, while the company’s co-founders will ...