Jelli, a San Mateo, California-based provider of an audio platform for the audio advertising market, closed a $21m Series B financing.
Backers included Relay Ventures, Intel Capital, First Round Capital, iHeartMedia and Universal Music Group.
The company, which has raised $37.6m in total, intends to use the funds to continue to expand operations.
Led by Mike Dougherty, Chief Executive Officer, Jelli provides a patented, cloud-based audio platform for the $40 billion global audio advertising market. It is currnetly used by advertisers and publishers to reach hundreds of millions of listeners monthly, serving billions of audio ads.