ScanScout Completes $8.5M Series B Funding Round

ScanScout, an in-stream video advertising provider with offices in Boston and New York, completed a $8.5m Series B financing round led Singapore-based EDB Investments (EDBI).

The new funds will be used to further accelerate the growth of the company in the United States as well as establish new developments in the Asian market, including the company’s new Singapore headquarters, its first office in the region.

Commenting on the deal, Bill Day, CEO of ScanScout, said: “ScanScout continues to provide advertisers and consumers the best experience with in-stream video ads and EDBI’s investment will ensure that we maintain that practice.
“Adding EDBI as an investor is a testament to ScanScout’s desire to grow both domestically and internationally and is a resounding endorsement of the potential of online video industry”, he said



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