Q1Media Secures $8M in Debt Financing
Summary
Q1Media, Inc., an Austin, Texas-based online advertising technology company, secured $8m in debt financing.Silicon Valley Bank (Nasdaq: SIVB) provided $5m in senior debt and Partners for Growth $3m for a junior debt facility.Founded in 2004 and led by Phil Banfield, CEO, Q1Media developed and operates a proprietary ad Tech platform.The company works with web publishers to maximize their display and video advertising revenue across desktop, tablet and mobile platforms.It reaches over 200 million unique monthly visitors and generates over 500 million paid video ad views per month through its relationships with over 1500 web publishers.
Funding
Amount
$8.0M
Total raised
Date
April 1, 2014
Announcement date
Investors
Partners for Growth, Q1Media, SVB Capital
Lead investors
Company
http://www.q1media.com
Funded company
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