Integrate, the first closed-loop marketing software and media services provider, announced today that it has secured $12.5 million in credit facilities from Silicon Valley Bank.
This funding adds to the $7M raised in October led by the Foundry Group with participation from Comcast Ventures and Liberty Global Ventures and their $11M they received in March from Comcast Ventures, Liberty Global and Foundry Group.
This new financing brings the company’s total raised-funds amount to $35 million since the company was founded in 2010, and will be used to accelerate further development of Integrate’s marketing software platform and fuel customer adoption across B2B and B2C marketing organizations.
“This line of credit from a respected source like Silicon Valley Bank allows us to accelerate our go-to-market strategy around the Integrate SaaS platform,” said Hart Cunningham, CEO of Integrate. “With growing demand, this credit facility provides us with additional resources to expand our customer base and talent.”
As part of their growth, Integrate has also had two recent appointments of Chief Marketing Officer Scott Vaughan as well as CFO, David Tomizuka.
“Our mission is to help high-growth and innovative clients grow,” said Charlie Kelly, Director, Silicon Valley Bank. “We are pleased to support Integrate as it disrupts the status quo and defines new ways for CMOs and marketers to deliver business value.”
Learn more about Integrate’s growth and hires at AZTB. Congrats to Integrate!
