Adconion, the online advertising and content network, secures hefty financing from SVB

Adconion Media Group, the online advertising and content syndication network, today has secured nearly £21 million in financing from Silicon Valley Bank, which provides loans to UK- and European-based technology companies at various stages of their development.

The newly secured funds will be used to support both acquisition and “working capital requirements” to continue growing the London-headquartered company globally.

Adconion Media Group is backed by Wellington Partners and Index Ventures. And along with its UK HQ it has offices in Australia, the U.S. and other parts of Europe. It claims to be one of the largest “independent global audience and video content networks”, reaching over 325 million unique users every month.