Video advertising company SpotXchange has secured a whopping $12 million in its very first institutional round of financing.
The round was led by H.I.G. Growth Partners and comes, according to the company, at a time when SpotXchange has been profitable for nearly a year now.
With the fresh funding, SpotXchange aims to help expand its auction-based video advertising platform and its marketplace of integrated, in-stream video ad inventory. The company also has plans to expand internationally.
The network has consistently been ranked as a comScore top five video ad network in the U.S. and the number one video ad network in several countries outside of the U.S., including Canada and the U.K.
Based in Colorado and launched in November 2006, the SpotXchange online video advertising network allows advertisers and publishers to buy and sell online video advertising in an auction marketplace.
Sponsored Ads
Sponsored Ads
Sponsored Ads
