Compass Labs Raises $6M in Funding

Compass Labs, San Jose, CA-based provider of a social media advertising platform, has raised $6m in funding.

Backers include New Enterprise Associates (NEA) and Presidio Ventures.

The company intends to use the capital to further invest in its platform, increase sales and marketing efforts and expand into international markets.

Founded in 2009 by CEO Dilip Venkatachari, Compass Labs provides agencies and brands with a self-service or fully managed advertising platform (CLIQ (Compass Labs IQ) designed to make targeted, scalable social media ad campaigns easy to execute and measure. CLIQ helps brands reach and actively engage users of social media. It features ad campaign management tools, analytics and insights.



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