Funding led by Shasta Ventures. The B round also included Series A investors Battery Ventures, First Round Capital and Grape Arbor VC.
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NEW YORK, NY, LiveIntent, the only company that delivers real-time display ad serving within email on any device, announced today that it has raised $8 million in Series B funding led by Shasta Ventures. The B round also included Series A investors: Battery Ventures, First Round Capital and Grape Arbor VC. LiveIntent plans to use the funds for sales expansion, staff augmentation and technology development.
LiveIntent is the first company to deliver display advertising to an email the moment that email is opened. LiveIntent provides ad serving, DSP / trading desk and exchange capabilities. Additionally, advertisers and marketers can employ advanced targeting techniques at scale, without having to execute multiple buys on individual publishers. Using LiveIntent's technology, publishers can achieve 100 percent sell-through while dramatically simplifying their email ad operations, without changing email service providers.
The company also announced that Shasta Ventures partner Jason Pressman joins Satya Patel, Matt Keiser and William Raduchel as a member of LiveIntent's board of directors.
"The full potential of targeting consumers through email has yet to be realized," said Matt Keiser, CEO of LiveIntent. "Email is ubiquitous yet often overlooked because of technical constraints that have kept email advertising relatively unchanged for the past decade. By delivering the features advertisers and marketers have come to expect in display to email, LiveIntent can own this untapped market, one that we believe to be at least $3 billion in the U.S. alone."
The benefits of LiveIntent's unique approach are supported by several new client wins, including MediaNews Group, Daily Beast/Newsweek, Grandparents.com, InteractiveOne/BlackPlanet, Acxiom and NY Daily News.
"The inbox is fast becoming the place where consumers spend the lion's share of their time, either behind the computer or on their smartphone or tablet," said Jason Pressman of Shasta Ventures. "This presents a huge opportunity for marketers, and LiveIntent is poised to capitalize on this potential."
About LiveIntent LiveIntent is the only company that delivers real-time display ad serving within email. LiveIntent works with advertisers, publishers and agencies to provide ad serving, DSP / trading desk and exchanges capabilities. The company is venture-backed by Shasta Ventures, Battery Ventures, First Round Capital, Lerer Ventures and Grape Arbor VC. LiveIntent was founded in 2009 and is headquartered in NYC. For more information and a demonstration of the company's technology in your own inbox, visit www.liveintent.com.