Tech Company Financing Transactions
Sidecar Funding Round
Ascent Venture Partners and private investors participated in a $8 million Series B funding round for Sidecar. The round was announced on 11/23/2015.
Transaction Overview
Company Name
Announced On
11/23/2015
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series B
Investors
Ascent Venture Partners (Lead Investor) (Luke Burns)
Proceeds Purpose
Sidecar will use the funds to further develop technologies that optimize product advertising channels, which have seen a surge in growth and popularity in 2015 with the rollout of Google Shopping and Facebook Dynamic Products Ads. Sidecar will also make significant investments in sales and marketing to continue fueling growth and satisfying the demand for its award-winning marketing technology.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
1 S. Broad St. 20th Floor
Philadelphia, PA 19107
USA
Philadelphia, PA 19107
USA
Phone
Website
Email Address
Overview
Sidecar is a programmatic advertising technology that helps retailers get optimal results in Product Listing Ad channels like Google Shopping, Bing Shopping and comparison shopping engines. Retailers that use Sidecar outrank the competition, maximize revenue at a lower cost of sale and increase new customer acquisition rates.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andre Golsorkhi
Chief Operating Officer
Steve Tutelman
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