Horizon Capital-backed STRAT7 buys Jigsaw Research

STRAT7’s purchase of Jigsaw Research is its third investment in the past two years.

  • Jigsaw Research is a market research and insights agency
  • STRAT7 is an insight consultancy that works with global brands
  • Jigsaw works with clients including American Express, the BBC and Deloitte

Horizon Capital portfolio company STRAT7 has bought Jigsaw Research, a London-based market research agency that works with companies including American Express, the BBC and Deloitte.

Founded in 1998, the company provides quantitative and qualitative research across a range of sectors.

STRAT7, also based in London, is an insight consultancy that works with global brands. It has been a Horizon Capital portfolio company since 2019 and generates over £60 million (€71 million; $71 million) in revenue annually.

“In a rapidly changing external environment, global enterprise clients need to derive continuous, actionable insights from their data to build competitive advantage,” said Adam Lewis, partner at Horizon Capital. “The addition of Jigsaw Research to STRAT7 increases our insight capabilities and brings an impressive list of global enterprise clients. Our strategy is to build a leading international customer insight and data analytics group, and we are delighted to welcome Jigsaw Research.”

”As an ambitious, fast-growing tech-enabled strategic insights group, we’re always looking out for exciting, innovative companies to join us,” said Barrie Brien, CEO of STRAT7. “Jigsaw fits the bill perfectly. The quality of the team’s thinking, their creative approaches and their superb client service means they have built a highly trusted and respected brand. This is reflected in excellent client retention levels, strong growth profile and numerous prestigious awards. With the Jigsaw team delivering research projects in more than 50 countries across multiple sectors, the partnership continues to boost STRAT7’s presence in several industries and geographies around the globe.”

Horizon Capital is a London-based private equity firm that invests in high-growth technology and business services companies. It takes a buy and build approach to investing and since its inception in 2018 has completed over 80 add-on acquisitions across its portfolio.