Q1Media, Inc., an Austin, Texas-based online advertising technology company, secured $8m in debt financing.
Silicon Valley Bank (Nasdaq: SIVB) provided $5m in senior debt and Partners for Growth $3m for a junior debt facility.
The company intends to use the funds to expand its operations.
Founded in 2004 and led by Phil Banfield, CEO, Q1Media developed and operates a proprietary ad Tech platform. The company works with web publishers to maximize their display and video advertising revenue across desktop, tablet and mobile platforms. It reaches over 200 million unique monthly visitors and generates over 500 million paid video ad views per month through its relationships with over 1500 web publishers.
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FinSMEs
01/04/2014