eXelate Receives $12 Million in Third Round Funding
Looking to Expand Geographically and Make Additions to Product Lines
eXelate, a company that develops data and analytics engines, has just raised $12 million in its third round of funding. Funding was led by NewSpring Capital, followed by existing investors Carmel Ventures, Menlo Ventures, and Trident Capital.
eXelate’s global data cloud delivers online purchase intents and demographic households information from more than 400 million global Internet users. This information is collected from partners and directly evaluated online behaviors. The company provides online digital advertisers with the data needed to optimize marketing.
Glenn T. Rieger, General Partner of NewSpring Capital, will be joining eXelate’s Board of Directors. He states, “eXelate has established itself as a leader in the digital advertising space with a proven technology platform, high-quality data, and exclusive relationships. With recent initiatives in customized analytics, cross-channel targeting and global markets, the company is well-positioned for continued growth.”
eXelate was founded in 2007 and has the fastest growth in online data. Until today, it has already raised 32 million from existing investors and the new investor, NewSpring Capital. The company has offices globally, including New York, Chicago, San Francisco, London, Paris and Tel Aviv. They are looking to expand geographically, make acquisitions, and add more mobile product lines.
By Luyao Li