The Trade Desk Lands $84,060,000 New Round

  • Feed Type
  • Date
    9/21/2016
  • Company Name
    The Trade Desk
  • Mailing Address
    42 Chestnut Street Ventura, CA 93001 USA
  • Company Description
    Trade Desk (Nasdaq: TTD). From the pioneers of the ad exchange and experts from all facets of online advertising—display, search, mobile, ad serving, data protection, and data monetization—The Trade Desk has emerged to change the course of media buying.
  • Website
    http://www.thetradedesk.com
  • Transaction Type
    IPO
  • Transaction Amount
    $84,060,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We currently intend to use a significant portion of the net proceeds from this offering for general corporate purposes, including working capital, funding the expansion of our business, including expanding our sales and marketing programs, and making investments in our technology and development teams to support the development of new applications and features for, and enhancements of, our platform. We may also use a portion of the net proceeds from this offering for the acquisition of, or investment in, technologies or businesses that complement our business, although we have no present commitments or agreements to enter into any such acquisitions or make any such investments. On March 30, 2016, we paid off all remaining principal and interest due under our previous 2015 credit facility. Pursuant to the terms of this facility, upon the occurrence of our initial public offering, we remain obligated to pay the lenders a fee of $750,000. We intend to satisfy this obligation with the net
  • M&A Terms

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