Collage Group Raises $25 Million in Growth Capital to Continue to Fuel Member Engagement with Diverse Consumers

, , , , , , ,
Collage Group Raises $25 Million in Growth Capital to Continue to Fuel Member Engagement with Diverse Consumers

June 29, 2022
David Wellisch – CEO and Co-Founder

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

With deep humility, pride, and excitement, I would like to take this opportunity to announce that Collage Group has raised $25 million in growth capital led by Boston-based growth equity firm Wavecrest Growth Partners, with participation from Dennis Ainge, an industry veteran and investor.  This new funding will be used to continue to accelerate our robust growth and further invest in our technology infrastructure and product innovation, thus continuing to support America’s iconic consumer brands in their journey toward Cultural Fluency.

I could not be more grateful for the honor and opportunity that our brand partners have provided our team, allowing us to serve as their cultural partner. I am truly inspired by the current moment and feel responsible to continue to innovate given today’s complex climate in America. Such forward-looking development will help brands to continue to super serve Diverse America, and, in doing so, amplify the voices of under-represented consumers. I would also like to take this occasion to thank our talented team at Collage Group, who are mission driven, committed to the cause, and at the ready to do what it takes to serve our member brands.

As America’s demographic landscape continues to shift through the accelerated growth of diverse consumers, it is imperative for brands to deeply understand this cultural transformation across race, ethnicity, generation, sexuality, and family relationships. Collage Group was founded on this mission­–to help corporations unleash the power of culture to drive brand growth.

Since 2009, we’ve grown our first mover Cultural Intelligence Platform to be the leading SaaS platform in the space, which now includes four unique data and insights offerings–Multicultural, Generations, LGBTQ+ & Gender and Parents & Kids. The insights and best practices available in the Platform, as well as our custom research and advisory solutions, offer more than 250 of America’s iconic brands continued support. Effectively engaging and resonating with today’s American consumer is a challenging mandate. Our insights, data, and tools have become an important enabler to effectively engage and connect with diverse America, while at the same time generate incremental ROI.

Our investors echo our excitement:

“The spending power of diverse consumers represents most of the potential growth opportunity for America’s leading B2C brands. Furthermore, the current U.S. social environment necessitates a greater understanding of the wants and needs of these consumers. We believe Collage Group provides an essential data and service offering to empower and enable revenue growth, and its traction with over 250 top brands speaks for itself. We’re very excited to be partnering with David and his team to help them capitalize on the market opportunity. Our investment will continue to fuel the company’s growth by expanding the depth of their team, their technological infrastructure and product innovation, and their sales and marketing efforts.”

- Deepak Sindwani, Managing Partner at Wavecrest

“During the past seven years, I’ve watched David assemble an incredible team of professionals who have a passion for evangelizing the benefits of Collage Group’s unique solutions for America’s top brands. The strength of this team, Collage Group’s existing and planned solutions, and the combined value-add of the Wavecrest team guarantees a very bright future for Collage Group and the more than 250 brands they support.”

- Dennis Ainge, founding executive of TARGUSinfo and former Neustar executive

Contact us at the form below if you would like to learn more about our offerings and the many ways that we can help you and/or other teams at your company in your journey to Cultural Fluency.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Other Recent Research Articles & Insights from Collage Group

David Wellisch

David Wellisch
CEO and Co-Founder

David Wellisch is CEO & Co-Founder of Collage Group, a consumer insights and intelligence company with a focus on research exploring race/ethnicity, generation, sexuality and gender. Since the inception of Collage Group in 2009, David has led the company through growth, now serving more than 200 brands in across 15 industries. David is passionate about entrepreneurship and company building, and often works directly with members to help guide the integration of multicultural consumer insights and marketing strategies.

Get In Touch.

There's a world of just for you

collage-transparent-white-156px

New Diverse Consumer Insights for Q3 2022

, , , , , , ,
New Diverse Consumer Insights for Q3 2022

More than 250 of America’s top brands have access to the deep cultural insights needed to engage America’s diverse consumers. Do you? 

June 27, 2022
David Evans – Chief Insights Officer

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Here’s an overview of the new reports we’re releasing in Q3 2022 and beyond that you’re missing out on. 

Read on and fill out the form to contact us today to learn how you can gain access:

Passion Points

Discover each segment’s core passion points: the activities and areas of life of deep interest to consumers. These are the “things” that consumers prioritize when spending their time, money, and attention. Our research helps you engage diverse consumer groups based on their interests in food, fashion, sports, fitness, music, movies, TV shows, games, home improvement, and travel.

Understand & Embrace Multicultural Terminology – Update

Engage culture with a deep understanding of the words that define it. In this newly updated report, we cover diverse consumer perceptions of traditional terminology (Black, Hispanic, Latino, Asian American), cross-segment terminology (People of Color), and novel terms such as BIPOC and LatinX. Dig deeper into the labels and/or identifiers each consumer segment prefers and double-click by age, gender and more.

Activate American Parents through Culture: 2

Build connections with American parents with these consumer insights that differentiate parents from their non-parent peers along two dimensions: 1) their cultural values and related attitudes, and 2) their media habits. This presentation unveils in-depth profiles of both moms and dads through the lenses of both gender and race/ethnicity.

The Next Frontier: Young Gen Z and Older Gen Alpha

Learn more about America’s next frontier of consumers with this deep dive into kids between the ages of 9 and 17. This research applies the lenses of both gender and race/ethnicity to create cultural profiles that reveal similarities and differences among these young Americans. Join us and explore their attitudes and behaviors across key categories.

Media Habits and Channels

Build deeper connections with Americans through media with a deep dive into diverse consumer attitudes and behaviors across visual, social and audio channels. This research supports engagement and targeting with data including core locations of media consumption, the role of influencers, the Metaverse, potential disruptors, and key changes from 2021.

Contact us at the form below to learn more about how you can gain access to these diverse consumer insights and much more in our Cultural Intelligence Platform.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Other Recent Research Articles & Insights from Collage Group

David Evans
Chief Insights Officer

David serves as the Chief Insights Officer responsible for content, data science and innovation. He is passionate about creating the critical insights that can transform the fortunes of our members, informing how we create an unparalleled member experience with our products, and build great places to work.

Get In Touch.

There's a world of just for you

collage-transparent-white-156px

Essentials of Black Consumers

,
Essentials of Black Consumers
Collage Group’s Essentials of Black Consumers presentation explores three areas of our consumer fundamentals research: demographics and economic opportunity, identity, and Group Traits.

June 17, 2022
Sudipti Kumar – Associate Director

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Black Americans are an important U.S. consumer segment, and their population and economic power are growing. Brands must better understand this influential consumer group to effectively engage with them through their marketing and advertising.

Collage Group’s Essentials of Black Consumers explores three areas of our consumer fundamentals research: demographics, identity, and Group Traits to help your brand authentically connect with Black Americans.

Read on and fill out the form for an excerpt from our Essentials of Black Consumers presentation.

Key Insight #1

Black Americans are a a large, diverse, and economically powerful segment.

Implication

Recognize and celebrate the diversity of the Black segment in America by including Multiracial, Afro-Latino, and Non-Hispanic Black Americans in your marketing.

Key Insight #2

The history of Black Americans in this country, including systemic and institutional racism and race-related violence that continues today, results in Black Americans identifying with their race stronger than any other segment.

Black Americans identify stronger with their race than other Americans

Implication

Understand the historical context for Black Americans in this country and develop a clear strategy to holistically and authentically support the Black community over the long term.

Key Insight #3

Black Americans’ are increasingly unsatisfied with how they are portrayed in advertising.

Most Black Americans are not satisfied with their portrayals in advertising.

Implication

When portraying Black Americans, showcase their daily lives authentically and in ways that are culturally relevant and relatable. Actively pursue diverse marketing teams to provide more accurate portrayals of Black consumers’ lives.

Key Insight #4

There are four unique Group Traits important to understanding Black Americans: Determined, Real, Believing, and Forward-Thinking.

2022 Black American Group Traits

Implication

Utilize the Group Traits as ways to connect with Black Americans authentically. For example, to activate on determined, demonstrate how your brand can help Black Americans reach their goals by staying on track and getting to the finish line.

Contact us at the form below to learn more about how you can gain access to these diverse consumer insights and much more in our Cultural Intelligence Platform.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Other Recent Black Research Articles & Insights from Collage Group

Sudipti Kumar
Associate Director

Sudipti is an Associate Director on Collage Group’s Product and Content team. She is a graduate from NYU’s Stern School of Business where she studied finance and marketing, and Columbia University’s School of International and Public Affairs where she received her Masters in Public Administration. In her spare time, Sudipti enjoys reading, cooking, and learning to crochet.

Get In Touch.

There's a world of just for you

collage-transparent-white-156px

Engaging Women Small Business Owners

Engaging Women Small Business Owners

Small businesses drive the American economy, and the number of women-owned small businesses is growing. Read on for more information about how to connect with women small business owners by understanding how they see themselves, their goals, challenges, and motivations for partnering with larger companies.

June 16, 2022
Jenny Wolski – Analyst

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Nearly all private businesses in the U.S. are small businesses and 1.2 million of those companies are women-owned. The number of women-owned small businesses is growing, and women small business owners are highly engaged in the day-to-day decisions about their business. As a result, women small business owners make up an important segment with whom marketers and larger businesses should engage and build partnerships. In our recent Small Business Owners Study we look at small business owner’s identity, future outlook, operations, and relationship with larger companies. Read below for highlights of the study related to women small business owners and contact us to receive insights for the full picture.

Key Insight #1

Women small business owners self-identify as purposeful individuals who think about their impact on the world and value community involvement. They possess a strong desire to have their business connect to other women in their community.

Women small business owners are determined to make a difference in their communities

Implication:

Women small business owners see themselves as perseverant, conscientious, and community-oriented, so focus in on those attributes in your communication with the segment.

Key Insight #2

Women small business owners are feeling less confident than men small business owners about the current health of their business. As a result of a more tepid business outlook, they are less likely to aim for expansion.

Women small business owners are less likely to report improvements in their business

Implication:

Recognize that women small business owners haven’t had the easiest year and focus communications on how your company may be able to lend a hand.

Key Insight #3

Women small business owners are hands-on leaders that play a significant— if not complete role— when making operational decisions including benefits, finance, technology, etc.

Implication:

Address marketing communication directly to women small business owners. Despite their busy and varied schedules, owners are usually at the heart of their company’s day-to-day decisions.

Key Insight #4

Women small business owners are looking for product innovation partnerships with large companies.

Implication:

Provide women small business owners with the tools and knowledge they need to innovate.

Contact us at the form below to learn more about how you can gain access to these diverse consumer insights and much more in our Cultural Intelligence Platform.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Other Recent Women Research Articles & Insights from Collage Group

Jenny Wolski

Jenny Wolski
Analyst

Jenny is an Analyst on Collage Group’s Product & Content team. She is a 2021 graduate from The George Washington University where she studied Statistics and Sociology. In her spare time, Jenny is often on a hike enjoying nature.

Get In Touch.

There's a world of just for you

collage-transparent-white-156px

How Great Brands are Supporting the LGBTQ+ Community

How Great Brands are Supporting the LGBTQ+ Community

Collage Group was delighted to have hosted more than 100 consumer insights professionals for a conversation with diversity, marketing and research leaders from the American Cancer Society, Paramount Global, UnitedHealth Group / Optum and Pernod Ricard USA.

June 7, 2022
Jill Rosenfeld – Senior Analyst

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email
During this presentation, brand leaders shared real-world examples of how they are using diverse consumer insights to support the rights of and improving the lives of LGBTQ+ Americans.
    • Alexander Cammy, Manager, Insights & Cultural Intelligence, Paramount Global.
    • Gina Debogovich, Senior Director, Marketing, UnitedHealth Group / Optum.
    • Tawana Thomas-Johnson, Senior Vice President and Chief Diversity Officer, The American Cancer Society.
    • Katherine Chen, Manager, Multicultural & Inclusive Marketing, Pernod Ricard USA.

Read on and fill out the form for the replay and excerpt from our
Pride Month presentation.

The LGBTQ+ segment is a complex, multifaceted group that’s often ignored or misrepresented in advertising. In fact, more than six in ten LGBTQ+ consumers are not satisfied with how people of their sexuality are portrayed in advertising. But representation alone is not enough to prove that your brand cares about the LGBTQ+ community.

Brands today must understand LGBTQ+ people on a multitude of levels—from their demographics to how they identify and even what they value—to effectively understand and engage them.

The Collage Group insights, presented by Senior Research Analyst Jill Rosenfeld, include results from a survey on the LGBTQ+ community’s lived experiences, demographic profile, and attitudes and behaviors specific to Pride Month.

The insights presented were created as part of our member research program, LGBTQ+ & Gender, launched in January 2021. As the leading source of consumer insights about diverse America, we are thrilled to share these insights into sexuality and gender identity with you.

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email

Other Recent LGBTQ+ Research Articles & Insights from Collage Group

Jill Rosenfeld

Jill Rosenfeld
Analyst

Jill is an Analyst on Collage Group’s Product & Content team. She is a 2018 graduate from the University of Michigan’s Gerald R. Ford School of Public Policy. In her spare time, Jill enjoys exploring Washington DC’s restaurant scene and practicing yoga.

Get In Touch.

There's a world of just for you

collage-transparent-white-156px