Spruce Media Secures $15,000,000 New Round

  • Feed Type
  • 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
  • Venture Investor
    Square 1 Bank

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