In the largest first round financing in nearly two years, search-engine marketing company Vantage Media Corp. has raised a mammoth $70 million Series A funding.
Montgomery & Co. led the round with $25 million, said Montgomery Chief Executive James Montgomery, who added that while the funding is technically a Series A round, he considers the investment more of a private equity play. Montgomery acquired a majority stake in Vantage, though the firm would not disclose specifics.
Other investors are Scale Venture Partners, Tudor Ventures and Integral Capital Partners.
"It will easily be a $200 million company in revenue in the next couple of years," said Steve Jillings, who was named chief executive in the funding announcement.
Founder and President Mark DiPaolo said Vantage, which performs customized, search-based marketing leads and search campaigns for educational institutions, has been profitable from its start in 2002 and said the company, with 50 employees, brings in revenue of roughly $1 million per working head
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment