Stream Companies, LLC, a Malvern, Pennsylvania-based marketing solutions provider primarily serving the automotive industry, received an investment from Sverica Capital Management LP.
The amount of the deal was not disclosed.
Co-founded in 1996 by David Regn and Jason Brennan, Stream is a an Integrated Advertising Agency and a SaaS based technology company for the retail and automotive industries. It serves many of the top automotive original equipment manufacturers and dealerships with a comprehensive suite of dedicated marketing services and software through its proprietary FullThrottle platform. Its expertise and broad capabilities, covering both digital and traditional media strategies, have enables customers to promote their brands, drive high levels of consumer traffic and gain share in their markets.
Regn and Brennan will continue to lead Stream going forward.
The investment aims to help Stream increase its leadership in emerging digital media, accelerate development of its software products (including its Shopper Suite predictive intelligence tool), and expand its team.