Radiate Media Raises $22M
Salt Lake City-baseed Radiate Media, a newly formed company which is the combination of Matchbin and the NAVTEQ Broadcast Media Division, said today that it has raised $22M in a first institutional financing. The deal included $10M in equity, led by Level Equity, along with Greycroft Partners and vSpring Capital, along with $12M in a credit facility form Silicon Valley Bank. Financial details of the acquisition of NAVTEQ Broadcast Media by Matchbin was not announced. As part of the funding and acquisition, Chris Rothey, formerly of NAVTEQ/Traffic.com, has become the company's CEO. Radiate Media provides mobile marketing services, performance advertising, and other related services.
posted on Tuesday, November 1, 2011 (Link to more information)
Related companies:
Radiate
Related stories:
> Radiate Media, Central Logic, ZAGG Among Top Utah Firms In MountainWest Ranking
> Numira Names VP
> Madwire Media Raises $5.5M
> Sequoia Media Group Raises $8.8M
> Redwood Collaborative Media Raises Funding Round
Techrockies.com Home