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Kevel raised $23m in Series C funding led by Fulcrum Equity Partners to deepen its retail media focus and drive product innovation.

Mar 07, 2024•over 1 year ago

Amount Raised

$23 Million

Round Type

series c

DurhamSoftware Development

Investors

Commerce VenturesDunnhumby VenturesIberis CapitalGodwin Capital GroupFulcrum Equity Partners

Description

Kevel, the API led ad serving company, has secured $23m in Series C funding led by Fulcrum Equity Partners, with additional investment from Godwin Capital Group, Iberis Capital, Dunnhumby Ventures, and continued participation from Commerce Ventures. The new funding will enable Kevel to enhance its retail media focus and advance product innovation for retailers and marketplaces.

Company Information

Company

Kevel

Location

Durham, North Carolina, United States

About

Kevel is an API-led ad serving company focusing on retail media with innovative solutions for advertisers and retailers.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech