Consorte Media Secures $7 Million in Private Equity Funding
Consorte Media announced today that it has secured $7 million in Series B funding. The round was led by new investor Sutter Hill Ventures and included a follow-on investment from existing investor Mayfield Fund.
With this round, Greg Sands, managing director, Sutter Hill Ventures, will join the Consorte Media board of directors. Consorte Media, whose integrated advertising platform has surpassed reach of over 1 billion impressions per month and serves customers including Best Buy and Monster, will use the funding to continue business expansion.
CEO Alicia Morga commented that this new round of funding will help the company build on its network of Hispanic-focused publishers, as well as reach out to more top brands looking to connect with Hispanic consumers.
Consorte Media offers an integrated advertising solution that includes a media network of premium content sites, an extended advertising network of third-party content sites and targeted lead generation services. The company reports a reach of over 1 billion impressions and traffic of 18 million unique visitors per month, and its clients include Best Buy, SendMe Mobile, Dealix and Monster.
Related Story: Consorte Media launches Hispanic Digital Platform (September ’07)
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