It's Raining Funds: Turn, Centro, 33Across, Dachis Take Cash

2011 looks to be a frothy year for ad tech startups. So far this week, six ad firms have raised $126.5 million.

raining-cashOne day after AdKeeper and [x+1] announced new funding rounds, four more digital ad firms have followed suit. Chicago-based Centro has secured $22.5 million to further develop its media buying products. Demand-side platform Turn raised $20 million. “Social targeting” startup 33Across closed on $9 million. And social media consultancy Dachis Group reeled in $30 million.

With the deals, total ad tech funding in the first three business days of 2011 reached $126.5 million. Of course that doesn’t take into account Goldman Sachs’ enormous new stake in Facebook, or Groupon’s attempt to raise $950 million.

Turn’s $20 million in funding was led by Greenspring Associates, with involvement from previous investors Norwest Venture Partners, Trident Capital, Shasta Ventures, and Focus Ventures. In a statement, CEO Bill Demas said the DSP has doubled revenues in the past year. He said the money will fuel Turn’s scalability and international growth.

33Across will use its investment to develop its social affinity-driven targeting platform. The cash infusion was led by Flybridge Capital Partners with involvement from First Round Capital and QED Investors.

Centro will use its $22.5 million from FTV Capital not only to develop its ad buying software, but also to expand its sales force geared toward mid-tier agencies and advertisers. The company has 18 offices in the U.S.

And Dachis Group secured its $30 million in the wake of two significant acquisitions. In November it purchased Archrival – one of Facebook’s 14 original “preferred developers.” Then in December it bought Powered and its subsidiaries StepChange Group, Drillteam, and Crayon. Dachis now employs 220 consultants in five countries: the U.S., the U.K., Spain, Australia, and the Netherlands.

Will the new financing, led by Austin Ventures, fuel more consolidation in social marketing services? Time will tell.

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