xAD Receives $9,000,000 New Financing

  • Feed Type
  • Date
    12/13/2011
  • Company Name
    xAD
  • Mailing Address
    101 Spear Street San Francisco, CA 94105
  • Company Description
    xAD publishers and advertisers benefit from the scale and reach of the LocalAdXchange platform. The LocalAdXchange manages billions of search and ad requests with the largest combined network of local and national performance-based advertisers.
  • Website
    http://www.xad.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The additional capital will be used to enhance xAd’s existing tools for both publishers and advertisers, as well as further build its patent-pending, ad-serving mobile technology that effectively factors in user-, contextual- and location-based relevance for optimal mobile performance.
  • M&A Terms
  • Venture Investor
    Emergence Capital Partners
  • Venture Investor
    SoftBank Capital
  • Venture Investor
    Palisades Ventures
  • Venture Investor
    Silicon Valley Bank