Kevel raises $52M in largest funding round to date from Fulcrum Equity Partners, dunnhumby Ventures, Iberis Capital and ORIX USA for AI-driven commerce media infrastructure.
Amount Raised
$52 Million
Round Type
Venture
DurhamAdvertisingMarketingSoftware DevelopmentInvestors
Description
Kevel, an API-first ad tech infrastructure provider for commerce media networks, has announced $52 million in new funding, marking its largest capital raise to date. The round includes expanded investments from Fulcrum Equity Partners, dunnhumby Ventures, and Iberis Capital, plus growth capital from ORIX USA. The company powers over 100 commerce media networks including Tesco, Dollar General Media Networks, and Home Depot's Orange Apron Media. The funding will support global expansion, AI transparency initiatives, and deeper strategic advisory services for retailer-owned media ecosystems.
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