Innovid, a NYC-based video platform to create, deliver and measure video experiences on any device, raised $27.5m in equity and debt funding.
Backers in the equity round included New Spring Capital, Sequoia Capital Israel, Genesis Partners, Cisco Ventures, T-Venture, and Vintage Investment Partners. Silicon Valley Bank and TriplePoint Capital provided $12.5m in debt financing.
The company intends to use the funds to expand its employee base in all major markets: US, EMEA and APAC; and across multiple key functions, specifically customer success and product innovation.
Led by Zvika Netter, CEO and Co-founder, Innovid provides a video platform that allows advertisers to create, deliver and measure video experiences on any device including desktop, mobile, gaming consoles and connected TV/OTT.
The company currently has over 200 employees, and eight global offices.