NEWS & VIEWS

Global private equity and venture capital news and research

Valiant helps bring Simulmedia financing to $59m through Series D round

11 Dec 2013

tv_screen_170sqValiant Capital has become a new investor in television advertising company Simulmedia by leading a $25m Series D financing round for the company.

Fellow new backer R&R Ventures also took part in the round alongside existing backers Avalon Ventures, Union Square Ventures, Time Warner Investments and Allen & Company.

The round brings the total raised by Simulmedia to $59m since it was launched in 2009.

Avalon partner Rich Levandov said, “Simulmedia became profitable this quarter for the first time, as audience-based buying on TV went from ‘interesting concept’ to large scale testing, and buyers are now building it in as part of their core TV media strategies.

“Clearly, [founder and CEO Dave Morgan] and his team have laid a solid foundation for a very profitable future and we are excited to be part of it.”

Morgan said the new funding would be used to build out the company’s technology, sales and service.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014