Toronto's Bering Media announced today that it has completed its Series A financing round led by Waterloo's Tech Capital Partners, with participation from GrowthWorks Commercialization Fund and from the newly created Ontario Emerging Technologies Fund (OETF).
Founded in late 2008, Bering Media’s technology brings real-world targeting capabilities to the online advertising industry. Through a patent-pending privacy architecture, Bering Media allows online ads to be targeted accurately by geography, down to the neighbourhood level.
While the total amount of the financing was not made public, Bering Media will use the investment to grow its engineering team and expand its sales and marketing efforts.
This marks the first series of investments made by the $250M Ontario Emerging Technologies Fund, managed by the Ontario Capital Growth Corporation (OCGC).
GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture... [more]
Our interest is primarily in engineers, scientists, or researchers who have developed technologies that solve difficult industry problems –... [more]
Bering Media lets you reach your local consumers online across any website with our unique hyperlocal geo-targeting technology. Whether you're an... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
