Lewis PR raises $27m in funding

CEO Chris Lewis said the firm is looking into acquisitions in the US, China, and India, among other markets.

LONDON: Lewis PR has raised $27 million in funding through global banking partner HSBC that it plans to draw from over the next five years.

The firm intends to offer clients new services in digital marketing, and it is exploring acquisitions in the US, India, China, and South America, it said Monday morning.

Chris Lewis, CEO of the eponymous firm, said there are "about a half-dozen discussions going on, ranging from digital services to additional territories," adding that its US expansion focus is on New York and Chicago. He confirmed the funding is not equity-based.

The shop claimed a revenue increase of 40% last year in a statement.

The agency also plans to invest $3 million over two years in staff development and training, mostly through its Rise program with the University of the Arts in London.

Lewis said he is most looking forward to the training program due to the Millennial generation’s potential. He noted that while a lot of people complain about them, that generation will have to overcome more challenges than any other.

"If this generation gets it right, all sorts of things are going to be possible," he said. "It’s up to us to train them and give them the tools for the job."

In March, Lewis PR acquired San Diego-based digital shop Piston, which that same month was hired by the NFL’s San Diego Chargers to work on its creative account.

The agency’s global revenue has surpassed $72 million, including $37 million in the US, it said in the statement.

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