Tech Company Financing Transactions
Millennial Media Funding Round
Millennial Media, operating out of Baltimore, secured $16 million from New Enterprise Associates, Bessemer Venture Partners and Columbia Capital.
Transaction Overview
Company Name
Announced On
11/16/2009
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Undisclosed
Investors
New Enterprise Associates (Lead Investor) (Patrick Kerins)
Proceeds Purpose
The new growth financing will be used to continue to strengthen Millennial Media's position as the leading mobile ad network in the U.S., as well as finance accelerated international expansion, advanced targeting products, and wider-penetration of its mobile media planning platform for agencies.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
2400 Boston Street 201
Baltimore, MD 21224
USA
Baltimore, MD 21224
USA
Phone
Website
Email Address
Overview
Millennial Media is a mobile advertising company that uses its deep understanding of mobile consumers, technologies and media to sell performance based advertising solutions to advertisers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Barrett
Chief Technical Officer
Bob Hammond
VP - General Counsel
Ho Shin
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