AppNexus today announced that it has raised $75 million in Series D funding under the leadership of Technology Crossover Ventures (TCV), one of the largest growth equity firms in the technology industry. AppNexus joins Facebook, Netflix, ExactTarget and other groundbreaking TCV investment portfolio companies. Venrock and Tribeca Venture Partners also took part in the round
AppNexus’ new round of funding caps for the year of success and expansion In the last twelve months, the company has:
Managed approximately $700 million of advertising spending
Almost tripled revenue, with no customer contributing approximately more than 12%.
A peak of one million requests per second was processed.
Quintupled delivery of over 13 billion ads to websites every day.
Double global headcount for more than 400 employees
Signed major new customers, such as Interactive Media, Orange and the Canadian Premium Audience Exchange (CPAX)
Opened in Paris, Hamburg and Toronto, bringing its total number of global offices to nine.
“AppNexus is the largest independent advertising tech company From serving the first RTB impression in 2008 to inventing the first advertising app store in 2011 to being the first ad tech company to take a tough stance against piracy, AppNexus has consistently led the innovation industry,” said Brian O’Kelley, CEO of AppNexus. “Raising this round gives us access to over $100 million to create the next generation of innovations that will transform online advertising. “That’s right.
AppNexus also announced that David Yuan, TCV General Partner, has joined the Board of Directors of the company. Yuan, a respected investor and consultant for Internet and technology companies, is on the boards of ExactTarget, Merkle and Sitecore, and has active investments in Facebook and OSIsoft. Prior to joining TCV, Yuan was an investment professional with JPMorgan Partners and a management consultant with Bain & Company. He holds an AB in Economics from Harvard University and an MBA from Stanford University.
“Every time you have the chance to work closely with an executive team that has pioneered companies like DoubleClick and Right Media, this will be an exciting opportunity,” Yuan said. “We’ve been following AppNexus for the past five years and watching it emerge as the leading platform. Then we dug in and saw what the company had already achieved-as well as what it was looking to do in the next 12 months-and we were really impressed. With the online advertising market forecast to grow to $44 billion this year, we believe the company’s upside is huge. We look forward to a long-term partnership in helping AppNexus build an important technology franchise. “That’s right.
AppNexus’ total funding for this Series D round is $140. $5 million
APPNEXUS ABOUT
AppNexus, which offers the most powerful, open and customizable advertising technology platform, serves the largest and most innovative online advertising buyers and sellers, including Microsoft Advertising Exchange, Collective and Technorati Media. Led by the pioneers of the original web advertising exchanges at Yahoo!’s Right Media and Google’s DoubleClick, AppNexus offers the industry’s most advanced technology platform that empowers companies to build, manage and optimize their entire online advertising business. AppNexus, based in New York City, is supported by an outstanding group of investors, including Technology Crossover Ventures, Microsoft, Venrock, Kodiak Venture Partners, Tribeca Venture Partners, First Round Capital, Marc Andreessen, Ben Horowitz, Ron Conway and Khosla Ventures. Visit
