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LexisNexis Owner Leads $38 Million Investment in Quid

Quid Inc., a startup that helps companies analyze large volumes of text from news, social media and the web, raised $37.5 million in venture funding, the company plans to announce Monday.

The deal was led by REV Ventures, the investment arm of LexisNexis owner RELX Group Plc, which contributed about $10 million. Other investors include Julian Roberson, the founder of Tiger Management Corp.; Henry Kravis, co-founder of KKR & Co.; Lixil Group Corp.; Artis Ventures; Salesforce Ventures; and Peter Thiel’s Founders Fund, according to Quid. The startup also took out $8 million in venture debt. It declined to provide a valuation.