Spongecell is kicking off the new year with big news. We’re pleased to announce that Safeguard Scientifics, Inc. has led our Series B financing with an investment of $10 million.
“In order to support our growth within this fast-moving marketplace, we looked for a partner that offered us more than just capital―we found that in Safeguard,” said our CEO Ben Kartzman. “A combination of Safeguard’s advisory board, syndication partners and expertise in successfully scaling businesses across a diverse spectrum of industries make them the ideal partner.”
After popping a bottle of champagne, we got back to doing what we do best—engaging consumers with our interactive ad technology. Stay tuned for new Spongecell products, including pre-roll video and dynamic ads, as we put these funds to work!
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