clypd Closes $3.2M Series A Funding

clypd, a Cambridge, MA-based interactive television and video ad exchange, closed a $3.2m Series A funding.

The round was led by Scott Savitz of Data Point Capital and Ryan Moore of Atlas Venture, with participation from Freestyle Capital, Tribeca Venture Partners, Boston Seed Capital, and Transmedia Capital.
Other investors included:
Adam F. Berrey, former SVP Marketing & Strategy of Brightcove
Ric Calvillo, CEO of Nanigans
David S. Chang, COO of the PayPal Media Network
Jeffrey Chow, CEO of Springpad
Ernie Cormier, CEO of Nexage
Walter Doyle, CEO of WHERE and GM of the PayPal Media Network
Mike Garrido, President of Trident Ventures
Rich LeFurgy, General Partner of Archer Advisors and the Founding Chairman of the IAB
Jennifer Lum, President of Adelphic Mobile

Founded in 2013 by CEO Joshua Summers and Doug Hurd, clypd is an exchange for interactive television and video advertising. The company’s technology is designed to help agencies, publishers and ad networks drive engagement through contextually relevant advertisements on interactive televisions.



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