Centro Secures $22.5M in Equity Financing
Summary
Centro, a Chicago, IL-based technology and digital media services company, has secured $22.5m in equity financing from FTV Capital.Transis, and expand sales force targeting mid-tier advertisers and ad agencies.This company intends to use the proceeds from the financing to increase investment in its automated digital media buying software,, and expand sales force targeting mid-tier advertisers and ad agencies.It has already been adopted by top agencies including Boelter + Lincoln, Burrell Communications Group, Cactus Advertising, Crispin Porter + Bogusky, Echo Media, McKinney, Paramore|Redd and True Media.In conjunction with the funding, Eric Byunn, partner at FTV Capital, will join the company’s board member.
Funding
Amount
$22.5M
Total raised
Date
December 30, 2010
Announcement date
Investors
FTV Capital, Centro
Lead investors
Company
http://www.centro.net
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Basis
$100M to $250M