Narrative Closes on $5 Million in External Financing

Waltham, MA-based NarrativeCommunications Corp. , a Web ad solutions company, said it has completeda third round of external financing, totaling $5 million.

Waltham, MA-based Narrative Communications Corp., a Web ad solutions company, said it has completed a third round of external financing, totaling $5 million.

Led by Carlyle Venture Partners, $210 million venture capital fund affiliated with the Washington D.C.-based Carlyle Group, and joined by previous investors Accel Partners and Greylock Management, this round of financing will enable the company to pursue sales, marketing and development programs aimed at expanding the market for its flagship product line, Enliven, Narrative said.

“In the short period since Enliven 2.0’s release, interest in the product has skyrocketed, an obvious reflection of the strong demand that exists for technologies that enable more expressive and effective forms of advertising on the Web,” said Hilmi Ozguc, Narrative’s CEO. “The financing will allow us to escalate our efforts to capitalize on this opportunity.”

Investment in the company, including the current round of financing, totals $13 million.

Subscribe to get your daily business insights

Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

2y

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource
Announcement Alert from Lee Arthur
Weekly briefing | Digital Transformation

Announcement Alert from Lee Arthur

2y

Announcement Alert from Lee Arthur

Announcement Alert!! Read More

View resource
The 2023 B2B Superpowers Index
Whitepaper | Digital Transformation

The 2023 B2B Superpowers Index

3y

The 2023 B2B Superpowers Index

The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...

View resource
Impact of SEO and Content Marketing
Whitepaper | Digital Transformation

Impact of SEO and Content Marketing

3y

Impact of SEO and Content Marketing

Making forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...

View resource