Molio, Inc., a Salt Lake City-based creative and media agency focused on building brands through YouTube, raised a $1 million credit facility.
Square 1 Bank provided the financing.
The company intends to use the funds to accelerate growth and expansion.
A 2015 spin-off of oral care company, Orabrush, Molio combines intelligent ad placement software and advertising services such as content creation, video optimization and media placement to generate hyper-targeted marketing campaigns to increase awareness, engagement and conversions.
The company is backed by Greycroft Partners, True Ventures, Subtraction Capital, Advancit Capital and Peak Ventures.