Spruce Media Secures $15,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbe47aaf-6237-4f02-a6ad-004bbd405eb0&Preview=1 -
Date
11/14/2012 -
Company Name
Spruce Media -
Mailing Address
500 Third Street San Francisco, CA 94107 -
Company Description
The company provides performance advertising services for the Facebook platform. -
Website
http://www.sprucemedia.com -
Transaction Type
Debt -
Transaction Amount
$15,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Spruce Media will use the financing to accelerate sales growth and further scale its technology development team. Additionally, Spruce plans to expand into additional U.S. cities, invest in its technology build out, and provide additional infrastructure for both its managed service and self-service business units. -
M&A Terms
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Venture Investor
Square 1 Bank
