This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Altitude Digital Closes $7M In New Financing

Stocks in this article: SIVB

DENVER, Aug. 4, 2014 /PRNewswire/ -- Altitude Digital, a leading video and display advertising technology company, announced today that it has secured a $7M credit facility from Silicon Valley Bank (SVB), a financial partner to the world's most innovative companies. Altitude Digital previously raised a growth capital round of equity financing from Mercato Partners in December of 2012. Since then, the company has doubled in size while maintaining profitability, making Altitude Digital attractive to both equity and debt investors.

The financing will help accelerate Altitude's growth, as the company plans to nearly double its workforce and accelerate the number of publishers leveraging Altitude's supply side programmatic platform and tools.

"It's an exciting inflection point for our company," says Jeremy Ostermiller, CEO and founder of Altitude Digital. "Our continued partnership with Silicon Valley Bank will help fuel the company's investment in our proprietary programmatic video platform as we continue to drive unique value for publishing partners and media buyers in the online advertising marketplace."  

"Altitude Digital represents the type of companies we work with around the world, with innovative technologies, capital efficiency and patterns of high growth," says Ron Singh, Managing Director for Silicon Valley Bank in Denver, Colo. "The new financing will give the company additional flexibility to support Altitude Digital's continued expansion, as the team pursues its growth goals."

About Altitude DigitalAltitude Digital delivers technology that streamlines the connection between buyers and sellers in online advertising. The company has built one of the fastest growing online display, video and mobile advertising marketplaces and was named No.54 on the Inc. 500 2 years in a row. Altitude Digital is headquartered in Denver, Colorado with offices in San Francisco, New York, Los Angeles and Salt Lake City.

About Silicon Valley Bank Banking the world's most innovative companies and exclusive wineries, SVB offers diverse financial services, knowledge, global networks, and world-class service to increase our clients' probability of success. With more than $29 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (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.

SOURCE Altitude Digital

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,828.91 +11.01 0.06%
S&P 500 2,069.17 -0.24 -0.01%
NASDAQ 4,759.3290 +4.4370 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs