MediaMath Raises Huge $73.5 Million Series C Round
Posted in: UncategorizedDigital ad buying technology company MediaMath has raised a $73.5 million, the company announced today. On top of the investment, MediaMath increased its debt to $105 million, bringing the total raise to over $175 million.
The massive round comes at a moment of turbulence for ad-tech stocks, with many now in free fall after a hot IPO season in late 2013. The round could be looked at in two ways: either investors stating they believe MediaMath’s business is a cut above. Or an attempt to put off an IPO in the hope that the stock market will eventually right itself.
“We have been looking to back a leader in the digital marketing space for quite some time,” said Dan MacKeigan, partner at Spring Lake Equity Partners, which led the round. “We are excited to support the company through this next phase of growth.”
Post a Comment