Tech Company Financing Transactions
Kevel Funding Round
On 12/13/2021, Kevel received $10 million in Series B investment from Fulcrum Equity Partners and private investors.
Transaction Overview
Company Name
Announced On
12/13/2021
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Fulcrum Equity Partners (Lead Investor)
Proceeds Purpose
The capital will be allocated to expand the Kevel team, as well as acquire more partnerships, develop product features, and expand into retail media.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
505 S Duke St. 500
Durham, NC 27701
USA
Durham, NC 27701
USA
Phone
Website
Email Address
Overview
Kevel began as Adzerk in 2009 when software engineer James Avery wanted better tech for managing his network's ads. While initially being JavaScript-based, Kevel quickly focused on server-side API ads as the future of the Internet.
Management Team
Title
Name
Email & Social
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We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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