Connexity Secures $2M Credit Facility with Silicon Valley Bank
New Media Company from the Founding CEO of Fastclick
VENTURA, CA — September 30th, 2011 — Connexity, an integrated digital advertising company and developer of the Audience Discovery Platform™, announced today that it has secured $2M in debt financing with Silicon Valley Bank, global financial partner to technology companies of all sizes. The facility provides the Company with access to additional working capital accelerating the Company's growth.
"Silicon Valley Bank is a natural partner for us given their global reach and expertise in digital media," commented Dave Gross, CEO of Connexity. "We are pleased to have Silicon Valley Bank on board as we enter the major growth phase for the company."
Stephen Hughes, Senior Relationship Manager of Silicon Valley Bank's Los Angeles office, stated, "We exist to help dynamic startup companies like Connexity grow by offering the right financing, advice and connections that come from nearly 30 years of working with early-stage technology companies. Connexity is in a fast growing sector and an exciting phase of its growth."
About Silicon Valley Bank
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 26 U.S. offices and seven international operations. (Nasdaq: SIVB) www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System.
Connexity is an integrated digital advertising company and developer of the Audience Discovery Platform™. Connexity's multi-graph analysis generates fresh, accurate, scalable, first-party data and extracts relevant connections and interests. The unique approach applies a social networking architecture to the entire online audience and treats every ad as a product recommendation. Connexity delivers the optimal audience for each brand and the optimal ads for each audience. The company has offices in New York and Southern California. For more information, visit www.connexity.com.