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HomeFundingNYC-based Screenverse Secures $10.5Million in Funding - FUNDING NEWS

NYC-based Screenverse Secures $10.5Million in Funding – FUNDING NEWS

Screenverse has Secures $10.5million in funding led by Boston-based growth equity firm Volition Capital. This funding round signifies a crucial moment for their company as they strive to advance the programmatic future of digital-out-of-home (DOOH) advertising.

Screenverse has Secures $10.5million in funding led by Boston-based growth equity firm Volition Capital. This funding round signifies a crucial moment for their company as they strive to advance the programmatic future of digital-out-of-home (DOOH) advertising.

Adam Malone, Co-Founder of Screenverse said, “Volition Capital’s investment is a testament to the strength of our vision and the potential we see in the DOOH advertising space, With this support, we are well-positioned to continue our mission of driving innovation and unlocking new opportunities in programmatic DOOH.”

With the vision of revolutionizing and democratizing access to programmatic budgets for DOOH networks of all shapes and sizes. Within months, they quickly forged partnerships with leading retail media networks such as Walmart, Kroger, and others. In 2021, they expanded their network to include nine partners and welcomed their first engineering hires.

Moving into 2022, their focus intensified on scaling operations. Investments in people, processes, and technology were pivotal as they recognized substantial sales growth. 2023 was the year they secured tier 1 partnerships with both Vistar and Place Exchange and expanded their network to include 14 unique partnerships.

Read also – CA-based AiDash Secures $58.5Million in Series C Round Funding- FUNIDNG NEWS

Today they are proud to share that Screenverse is a trusted partner at the forefront of digital advertising in the physical world. They have over 90,000 digital screens in every market in the continental U.S. and a team of 22 talented individuals across tech, marketing, sales, media operations, and supply partnerships. This milestone wouldn’t be possible today without the continued trust and support of our valued partners.

David Weinfeld, CEO of Screenverse said, “Our mission is to simplify and optimize the advertising process for media owners and advertisers alike, ultimately driving value for all stakeholders in the ecosystem,”.

The $10.5 investment will fuel their continued growth and innovation with a key focus on enhancing they proprietary technology suite to better service media owners and advertisers. Additionally, this investment will accelerate the expansion of their team, particularly in sales and supply partnership roles.

Larry Cheng, Managing Partner at Volition Capital said, “The breadth and diversity of Screenverse’s network add tremendous value to advertisers seeking to reach unique audiences programmatically, We are thrilled to lead this investment round and support Screenverse in its mission to drive value for media owners and advertisers alike.”

About Screenverse

Screenverse links advertisers with the most valued customers at the critical moment. Their vast programmatic network is specially selected to offer digital ad inventory that makes companies happy.

Utilising state-of-the-art technology and top-notch customer support, they bring billions of impressions from digital and video advertisements to tangible displays.

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