Tech Company Financing Transactions
xAD Funding Round
xAD, operating out of New York, secured $9 million from Emergence Capital Partners, Palisades Ventures and SBNY.
Transaction Overview
Company Name
Announced On
12/13/2011
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$9,000,000
Round
Undisclosed
Investors
Emergence Capital Partners (Lead Investor)
SBNY (Steven Murray)
Proceeds Purpose
The additional capital will be used to enhance xAd's existing tools for both publishers and advertisers, as well as further build its patent-pending, ad-serving mobile technology that effectively factors in user-, contextual- and location-based relevance for optimal mobile performance.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
401 Park Ave. South 11th Floor
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Website
Email Address
Overview
xAD publishers and advertisers benefit from the scale and reach of the LocalAdXchange platform. The LocalAdXchange manages billions of search and ad requests with the largest combined network of local and national performance-based advertisers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dipanshu Sharma
Chief Financial Officer
Steve McCarthy
Co-Founder
Sunil Kumar
VP - Bus. Development
Dan Hight
VP - Marketing
Monica Ho
VP - Sales
Chad Hickey
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