Funding round
MediaMath Series C
MediaMath, which works in advertising platform API access in United States, raised $74M in a Series C round announced on 3 Jun 2014, led by Spring Lake Equity Partners. 5 firms took part. It is MediaMath's third venture round on record; the one before was a Series B in Mar 2011.
$74M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
MediaMath did not disclose a valuation in this round. It came 39 months after MediaMath's Series B. It is 23% of the $323M MediaMath has raised in the venture rounds on record. MediaMath raised again 49 months later: a Growth round of $225M in Jul 2018, at $1.00B post-money.
MediaMath's funding rounds
MediaMath has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Debt not a venture round 5 Aug 2009 $2.5M
- Series A 5 Aug 2009, led by Safeguard Scientifics, Inc. $10M
- Series B 9 Mar 2011 $14M
- Debt not a venture round 3 Jun 2014 $105M
- Series C this round 3 Jun 2014, led by Spring Lake Equity Partners $74M
- Debt not a venture round 6 Jun 2017, led by Goldman Sachs $175M
- Growth 10 Jul 2018, led by Searchlight Capital $225M$1.00B post-money
Investors
Who put money in
Spring Lake Equity Partners led the round with 4 other firms.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- Safeguard Scientifics new investor
- backs 21 venture-backed companies new investor
- Observatory Capital new investor
- Akamai Technology new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and geographic expansion.
- Product development
- Geographic expansion
Comparable rounds
How it compares
89 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 3.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jun 2014 | $100M | $500M | Sequoia Capital |
| Tech Companies | 23 Jun 2014 | $40M | not disclosed | Greylock Partners and Sequoia Capital |
| Tech Companies | 12 Jun 2014 | $30M | not disclosed | DFJ Growth |
| Tech Companies | 10 Jun 2014 | $26M | not disclosed | Adams Street Partners |
| Tech Companies | 24 Jun 2014 | $20M | not disclosed | New Enterprise Associates |
| Tech Companies | 24 Jun 2014 | $15M | not disclosed | JAFCO |
| Tech Companies | 25 Jun 2014 | $15M | not disclosed | Intel Capital |
| Tech Companies | 13 Jun 2014 | $12M | not disclosed | Ignition Partners and Menlo Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did MediaMath raise in its Series C round?
MediaMath raised $74M in its Series C round, announced in Jun 2014.
Who led MediaMath's Series C round?
Spring Lake Equity Partners led it, with Safeguard Scientifics, Catalyst Investors, Observatory Capital and Akamai Technology.
What was MediaMath's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
89 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 3.7 times the median.
Did MediaMath raise again after this round?
Yes: a Growth round in Jul 2018 of $225M at $1.00B post-money.