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Lewis PR raises US$27 million to fund global expansion

Lewis PR has announced a US$27 million funding package from its global banking partner HSBC.

In a statement, Lewis said it will use the funds to launch new services and offices through acquisitions, extend its digital marketing capabilities and accelerate growth in India, China, South America and the US.

The new agreement extends over five years and allows Lewis to take majority or minority stakes.

Founded in 1995, the company has sustained a Compounded Annual Growth Rates of 28%. It grew revenues by 40% last year alone.

“We seem to have found the sweet spot between the global reach of a big agency and the value and creativity of a digital boutique,” said Chris Lewis CEO.

“This is resulting in unprecedented demand from our clients around the world. It’s great to see the investment we’ve made over the last five years really paying off.”

Mark J Brown, managing director, London Large Corporates at HSBC, added that the bank has a “strong appetite” to support the growth of ambitious mid-market businesses like Lewis.

“We have seen Lewis grow over the years, and I am pleased we are able to be part of this exciting period for the business, helping it take forward its growth plans to reach and surpass its potential.”

In addition to client services, the company will invest a further $3m over the next two years in staff development and training. The majority of this will go into Rise, the training joint venture with staff from University of the Arts London. Launched in 2014, Rise has already trained 44 staff from 17 countries.

The company recently acquired Piston, a full service digital agency based in San Diego and last year acquired China PR specialist EBA Communications, an agency that employs 50 staff across four offices in Beijing, Hong Kong, Shanghai and Guangzhou.

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