Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Choozle Announces $4.1M in Series A

2015-01-21
DENVER, CO, Provider of the world's most intuitive digital advertising platform, today announced the closing of a $4.1 million Series A round.
Choozle, provider of the world's most intuitive digital advertising platform, today announced the closing of a $4.1 million Series A round of growth financing. Choozle leverages detailed consumer insights to power real-time (programmatic) advertising campaigns across video, mobile, display, and social mediums - all from a single, simple interface.

'Implementing an in-house trading desk has enabled us to provide our clients with best-in-breed analytics and consumer insights and positioned us for tremendous growth.'

In the last four months of 2014, Choozle experienced a 71-percent month-over-month growth rate and now counts more than 100 subscribing clients including Cricket Wireless, Gaiam, SendGrid, Willow Tree and the agencies Balcom, Brighton and YouConnex. In Q4 of 2014 Choozle added sales and support operations in New York and San Francisco to meet the explosive demand for programmatic advertising solutions.

'Ranging from small businesses to top-tier brands and agencies, our clients are among the most innovative thinkers in marketing today, and a 95 percent renewal rate shows their satisfaction with our platform and execution,' said Andrew Fischer, Choozle co-founder and CEO. 'Our goal is to bring programmatic to the people by making digital advertising simple, scalable, and effective. And we'll continue to grow a world-class product and team to support that vision.'

Choozle plans to use the $4.1 million to further innovate its platform and grow the sales and client success teams to pace market demand.

'Choozle's platform and team have made it a cinch for us to ramp our RTB practice and provide scalable and efficient ROI for our clients,' said Sean Halter, CEO, YouConnex. John Morgan, YouConnex VP, Digital Media added, 'Implementing an in-house trading desk has enabled us to provide our clients with best-in-breed analytics and consumer insights and positioned us for tremendous growth.'

Subscriptions to Choozle's marketing platform start at just US $199 per month. Full product and pricing details are available at https://choozle.com/pages/pricing.

Since its founding in 2012, Choozle has raised a total of $5.8 million in venture funding. Investors include Great Oaks Venture Capital, among others.

About Choozle

Founded in 2012 and based in Denver, Colorado, Choozle provides a programmatic platform that leverages detailed consumer data to power real-time advertising campaigns across display, mobile, social and video mediums - all from a single, simple interface. Powered by a team of data-driven nerds, Choozle brings programmatic to the people with its simple, elegant, and affordable solution. As a proud member of the Entrepreneurs Foundation of Colorado (EFCO), Choozle donates 1 percent of founding equity to support Colorado nonprofits. Learn more at www.choozle.com and connect on Twitter and Facebook.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors