Genesis Media, a NYC-based provider of a video tech platform, raised $10m in Series B funding.
The round included $6m in equity and a $4m revolving credit facitility. The equity part was led by Blue Chip Venture Company with participation from Crown Predator Holdings.
The company intends to use the funds for product development and for growth of the business.
November 2011 following the merger of TVGenesis and Beezag by Richard Smullen and Josh Feuer and Andy Reiss, and led by Mark Yackanich, CEO, Genesis provides a propiretary platform that delivers video advertisments from select brand partners through intelligent ad serving.
Publisher customer base includes American Media Inc (AMI), Bauer Media Group, Bonnier Corporation, Smithsonian, and USA Today. Buyers include Fortune 100 brands like Ford, Chevy, and Goldman Sachs.
The company has 35 employees and offices in New York, Chicago, Los Angeles, and Detroit.
FinSMEs
14/04/2014
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02/10/2012: Genesis Media Raises $3M in Series A Funding