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Optable Closes $20 Million Series A Financing, Broadens Investor Syndicate In New Round

PRIVATEApr 18, 2023

Amount Raised

$20 Million

Round Type

Series A

MontrealInformation TechnologySoftwareAdvertisingAnalytics

Investors

Aster XDeloitte VenturesDesjardins CapitalBrightspark VenturesHearst Ventures

Description

Optable, a Software-as-a-Service (SaaS) data collaboration platform and clean room solution designed for the advertising ecosystem, announced today that it has secured $20M USD in Series A financing from a syndicate of investors which includes Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures, asterX, and others.

Quick answer

Optable raised $20 Million in a Series A round, dated April 18, 2023. Investors: Aster X, Deloitte Ventures, Desjardins Capital, Brightspark Ventures and Hearst Ventures. Optable is based in Montreal, Quebec, Canada.

How much did Optable raise?
Optable raised $20 Million in a Series A round on April 18, 2023.
Who invested in Optable?
Aster X, Deloitte Ventures, Desjardins Capital, Brightspark Ventures and Hearst Ventures are named as investors in this round.
What does Optable do?
Optable is a data management & collaboration solution designed for the advertising ecosystem in the age of privacy.
Where is Optable based and how big is it?
Optable is based in Montreal, Quebec, Canada.
Who are the decision-makers at Optable?
Fundz holds 2 contacts at Optable. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Advertising and Analytics around the same time

Companies in the same sectors as Optable that raised within 45 days of this round, from Fundz verified event records.

  • SOCi raised $120M (Funding Round) on March 7, 2023.
  • Catalyst raised an undisclosed amount (Funding Round) on May 25, 2023.
  • Satellite Vu raised $16M (Funding Round) on May 24, 2023.
  • Thena raised $5M (Seed) on May 24, 2023.
  • Leap Technologies raised $5.2M on May 23, 2023.
  • Adonis raised $17M (Funding Round) on May 17, 2023.

Who to call at Optable, and when

A new round usually means Optable is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Optable raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Optable, from your own LinkedIn network

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Company Information

Company

Optable

Location

Montreal, Quebec, Canada

About

Optable is a data management & collaboration solution designed for the advertising ecosystem in the age of privacy. Optable makes it easy for advertisers and publishers to use their audience data to plan, activate and measure advertising campaigns while safeguarding individual identities. Designed for the business user, Optable eliminates friction in campaign workflows by allowing any partner to manage, share, analyze, and activate data within one integrated and interoperable cloud application. Optable customers reduce technology costs, increase operational and marketing efficiency, and grow revenue. The company is funded by Brightspark Ventures, Desjardins Capital, Hearst Ventures, and Deloitte Ventures. Optable is headquartered in Montreal, Canada with employees in multiple countries around the globe.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Optable raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.