AdTech Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the AdTech sector this past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- LiveIntent, developer of a people-based marketing platform designed to connect brands to their customers at every point, acquired by Zeta Global Holdings for $250 million.
- Turko Marketing, operator of a digital marketing company intended for entrepreneurs, intrapreneurs, and organizations to grow efficiently through digital marketing strategies, was acquired by Rablab.
- Emodo, operator of an advertising marketplace designed to deliver personalized and impactful advertising experiences, acquired by OneMagnify, via its financial sponsor Crestview Partners, through an LBO.
- ShopGenie, developer of an online marketing platform designed to help automotive shops to improve their sales and service revenues, acquired by Tekmetric, via its financial sponsors Susquehanna Growth Equity and Narahari Investments, through an LBO.
- Veritone One, operator of an artificial intelligence (AI)-powered advertising platform catering to marketers, acquired by Oxford Road via its financial sponsor Insignia Capital Group, through a $104 million LBO.
Later Stage VC
- Marqii, developer of a promotional advertising platform designed to help clients publish their menus, location data, and specials to potential customers, raised $10 million of venture funding in a deal led by Next Coast Ventures.
Early Stage VC
- Glencoco, developer of a tech-enabled sales platform intended to connect enterprise products and people, raised KRW 2 billion of venture funding from Dunamu & Partners.
- Regal, developer of an outbound phone and SMS sales platform designed to increase sales-led growth using real-time behavioral data, raised $40 million of venture funding in a deal led by Emergence.
#castleplacement #capitalraising #privateequity #venturecapital #investment #advancetechnology
Ken Margolis
Managing Partner
As one of the founders of Castle Placement, Ken is passionate about helping great companies grow. Over 25 years of experience in investment banking and raising capital from institutional private equity/venture investors, family offices, foundations, endowments, hedge funds, banks and specialty finance lenders. Co-founded Castle Placement in 2009, providing investment banking services and raising private equity/debt capital for early-stage and middle market companies across a wide range of industries including financial services/fintech, real estate, technology, business services, energy/real assets and consumer/retail. In 2007, created a platform providing advisory and capital formation services to financial institutions and private equity funds investing in distressed bank portfolios and community banks which was merged into Castle Placement*. From 1999 to 2007, at Merrill Lynch was co-head of the 50+ person global structured credit products investment banking, sales and syndicate and head of the U.S. alternative investment group raising capital for alternative investment funds in financial services and asset management. From 1991 to 1999, was at Credit Suisse First Boston as a senior trader on a principal transaction desk responsible for managing a proprietary position of credit sensitive commercial/residential real estate and asset-backed securities and head of CSFB’s new issue whole loan and agency CMO desk. Began his career in 1985 at Arthur Andersen where he managed their structured finance group consulting on ground breaking securitizations of residential mortgages, credit cards, auto loans, corporate loans and other financial assets. FINRA Series 7, 24, 63, and 79 licenses.
- Email: kmargolis@castleplacement.com
- (O) (212) 418-1188
- (C) (516) 712-7784
 Ken MargolisManaging Partner |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: kmargolis@castleplacement.com
(O) (212) 418-1188 | (C) (516) 712-7784
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
