BEST Funds Invests $3 Million in Toronto's AcuityAds

Posted by Techvibes NewsDesk

Canadian venture capital firm BEST Fund has invested $3 million in Toronto's AcuityAds.

The debt deal will be used as growth capital for AcuityAds, which aims to "continue to accelerate the rapid sales of the company."

"We are excited to be working with this fast moving, high potential company and are pleased to provide them with the capital needed to expand on their success to date," noted John Richardson, CEO of BEST Funds, which provides needed capital to emerging technology companies in order to aid them in accelerating growth and expanding market share.

"The online media landscape is undergoing a fundamental transformation and we are excited to be playing a role in these changes," says Tal Hayek, CEO of AcuityAds. "This investment will allow us to continue to pioneer these shifts in the future."

AcuityAds is a hyper-targeted platform for executing programmatic transactions in online digital media.

 

Company:
Acuity Ads
Website:
http://www.acuityads.com
Location:
Toronto, Ontario, Canada

AcuityAds is real-time bidding (RTB). Our advanced RTB platform is powered by proprietary machine learning technology that allows advertisers to hyper-target their digital consumers, delivering exceptional results for online display, video and mobile campaigns. In less than 3 years, we’ve grown from 7 people crammed into one room, to over 50 people North America wide. Our solution has been proven by Fortune 500... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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