Martini Media Raises $14 Million of Series D Funding
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San Francisco, California – Martini Media Network, a digital media and content platform for engaging the audience with the most money and influence online has raised $14 million of series D funding from Venrock, Granite Ventures, Reed Elsevier Ventures, and Silicon Valley Bank.
“2013 is a year of reinvesting” says Pavelka. “In 2014 it will be a combination, but we’ll definitely see profitability in 2014.” While it’s already on its D round, the company isn’t planning on going public anytime soon. “An IPO is something I’d love to see in the future, but at the same time I’m a realist and understand some of the inherent challenges of the public market. It’s something I’m not considering in the near term,” says Martini’s CEO.
The new capital will be used to develop new technology that will leverage the company’s growth and acquire new customers.
Funding Total: $14,000,000
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|Investors: Venrock Associates, Granite Ventures, Reed Elsevier, Silicon Valley Bank|