Spongecell Lands Series B Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=176ca503-fee1-4f5d-832d-415e0adc2bc5&Preview=1 - Date
2/8/2012 - Company Name
Spongecell - Mailing Address
261 Madison Avenue 14th Floor New York, NY 10016 - Company Description
Spongecell transforms standard banner ads into dynamic flash ads with rich media-like functionality. The multi-media ads engage audiences longer, use no more real estate than a standard banner ad, and keep users on the publisher’s page. - Website
http://www.spongecell.com - Transaction Type
Venture Equity - Transaction Amount
Undisclosed - Transaction Round
Series B - Proceeds Purposes
Proceeds will be used to fund Spongecell’s continued expansion including product development, sales and marketing, executive and staff recruitment, and other working capital needs. - M&A Terms
- Venture Investor
Safeguard Scientifics - Venture Investor
Undisclosed
