Direct Media Technologies Raises US$4.2M in Equity Financing

Direct Media Technologies Inc., a Toronto, Canada-based internet company that owns over 80,000 Internet domains that derive revenue through advertisements, has raised US$4.2m in equity financing.

The round was led by Raymond James Ltd. and Ubequity Capital Partners.

The company intends to use this funding to continue to consolidate its focused niche of the web domain sector.

Led by CEO Ted Steube, DMT specializes in domain ownership, domain monetization and domain sales. According to a written statement, the company is now planning to raise a US$30m debt and equity financing.



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