Samba Ads, a São Paulo, Brazil-based startup that operates a video ad network, raised $500k in seed funding.
The round was led by Initial Capital, with participation from 500Startups, e.Bricks Digital and Rhodium. In conjunction with the funding, Daniel Cunha of Initial Capital will join the company’s board.
Led by CEO Rodrigo Paolucci and Sales Director Márcio Figueira, Samba Ads provides an online video ad network that connects advertisers and publishers.
Advertisers include top brands such as Microsoft, Intel, Ford and Red Bull.
The company was spun out of Samba Tech, a Latin American leader in the online video platform market.