Spongecell Lands Series B Financing Round

  • Feed Type
  • 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

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