Video advertising network BrightRoll Secures $10M in Funding

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
FUND RAISING 
Database Reference:  F231109-342
 
Business:  BrightRoll
Web:  http://www.brightroll.com
Other Web Links: Blog
Location:  USA, San Francisco, CA
Region:  North America
Business description:  Video advertising network, helps major brands and agencies execute “smart video ad campaigns” across the industry’s leading publishers, including three-fourths of the top 100 online media properties in the United States
Category: Advertising, Video
Contact 1:  Tod M. Sacerdoti Chief Executive Officer
Contact 2:  Dru Nelson Chief Technical Officer
Contact 3:  Rob Theis, Managing Director, Scale Venture Partners (joins the board) 
 
Investors:  Led by Scale Venture Partners. Existing investors True Ventures, Adams Street Capital and KPG Ventures also participated in this funding round.
Amount raised:  $10,000,000 
 
Details:  BrightRoll has secured $10M in Series C financing bringing the company’s total venture funding to $16M since its launch in July 2006. The company, which also announced today that it has been profitable for nearly the entire last 12 months, will use this round of financing to expand its technology platform, worldwide advertiser and publisher operations, and increase its leadership position in the U.S. BrightRoll also announced today that Rob Theis, Managing Director with Scale Venture Partners, has joined the board.

Link:  Press Release

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