Grapeshot raises c. $8.5m in funding led by IQ Capital and Draper Esprit to fuel global expansion.
The digital advertising technology company secured the capital from co-leads IQ Capital and Draper Esprit alongside existing backers.
Grapeshot provides contextual targeting technology that helps brands and publishers improve their digital advertising campaigns across multiple markets.
Grapeshot has secured c. $8.5m in a new funding round to accelerate its international expansion and product development. The investment was co-led by IQ Capital and Draper Esprit, with participation from existing backers including IQ Capital Fund I and VCT funds managed by Albion Ventures.
The capital will be directed towards expanding sales and marketing efforts, developing new products, and supporting working capital as the business grows its team. Founded to provide sophisticated targeting tools, the company aims to scale its operations globally following this latest injection of capital.
From the founder
"This investment will drive rapid expansion of our presence in New York and Singapore with new office openings in Chicago, San Francisco, Los Angeles and Sydney."
John Snyder
CEO at Grapeshot
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Expand into international markets
- 04Grow the team
- 05Scale operations
