NEW YORK–(BUSINESS WIRE)–

Toonaangevende video en Connected TV Advertising Platform zal gebruik maken van investeringen om uitgevers en adverteerders met elkaar in contact te brengen en zo de enige end-to-eind CTV-oplossing te creëren.

Innovid, ‘s werelds grootste videoreclameplatform, kondigde vandaag aan dat het 30 miljoen dollar aan pre-IPO-financiering van Goldman Sachs’ Private Capital Investing Group heeft veiliggesteld. Innovid zal het extra kapitaal gebruiken om haar innovatie en leiderschap in de markt van de aangesloten tv-reclametechnologie (CTV) te bevorderen en haar wereldwijde voetafdruk uit te breiden.

“Innovid blijft de grenzen verleggen voor wat er mogelijk is met videoreclame op alle schermen, vooral op CTV,” zegt Zvika Netter, CEO en medeoprichter van Innovid. “Ons technologieplatform maakt nieuwe reclamemodellen mogelijk, inclusief adresseerbare en interactieve advertenties, die een nieuw tijdperk van personalisatie en relevantie voor CTV-kijkers inluiden. Met deze financiering zal Innovid zijn end-to-end CTV-platform verder ontwikkelen en een efficiëntere workflow creëren, terwijl het de uitdagingen op het gebied van industriemetingen oplost en zijn wereldwijde voetafdruk uitbreidt om tegemoet te komen aan de evoluerende behoeften van zijn internationale klantenkring van merken, media en creatieve bureaus en uitgevers.

Innovid Receives $30 Million in Funding from Goldman Sachs

Leading Video and Connected TV Advertising Platform Will Use Investment to Connect Publishers and Advertisers, Creating the Only End-to-End CTV Solution

NEW YORK–(BUSINESS WIRE)– Innovid, the world’s leading video advertising platform, today announced it has secured $30 million in pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Innovid will use the additional capital to further its innovation and leadership in the connected TV (CTV) advertising technology market, as well as to expand its global footprint.

“Innovid continues to push the boundaries for what is possible with video advertising across all screens, especially on CTV,” said Zvika Netter, CEO and co-founder of Innovid. “Our technology platform is enabling new advertising models, including addressable and interactive ads, that are ushering in a new era of personalization and relevancy for CTV viewers. With this funding, Innovid will further advance its end-to-end CTV platform creating a more efficient workflow, while solving industry measurement challenges and expanding its global footprint to meet the evolving needs of its international client base of brands, media and creative agencies, and publishers.”

Innovid currently creates, delivers and measures video ads for the world’s largest brands, such as L’Oreal, Toyota, Bank of America, GlaxoSmithKline, Campbell’s and more. With the rapid consumer adoption of CTV, Innovid works hand-in-hand with key publisher clients, including Hulu, Roku and Fox, amongst others, to re-imagine the advertising experience for the consumer. In partnership with its publishing clients, Innovid led the creation of two industry firsts: consumer choice-based engagement ads and live Internet TV campaigns.

As the first-to-market with CTV ad technology five years ago, Innovid currently reaches more than 75 million households and works across the largest footprint of connected and streaming devices including integrations with Roku, Amazon Fire, Apple TV, Samsung TV and more. Further cementing its leadership in driving the CTV market, Innovid recently launched OTT COMPOSER, the premiere self-service authoring tool to create and publish experiences for connected TV advertising. It solves a critical problem in today’s fragmented CTV landscape by better enabling advertisers to scale dynamic creative. Innovid was also the first in the industry to receive MRC accreditation for adherence to industry standards for video advertising measurement in a CTV environment.

“As an early mover in CTV with established inventory supply partners, Innovid is well positioned to capture the massive secular shift in CTV consumption,” said Hillel Moerman, head of Goldman Sachs’ Private Capital Investing group. “Innovid has differentiated video advertising software and technology, and has the scale and the reach to succeed, with access to significant supply beyond CTV, including platforms such as Facebook, Instagram, YouTube, Snap and others.”

The funding raise follows a successful year in 2018, where Innovid was named as a Fastest Growing Company in North America on Deloitte’s 2018 Technology 500^™ and recognized by Gartner as a company to watch in AdTech. In addition to the funding, Holger Staude of Goldman Sachs’ Private Capital Investing group will join Innovid’s prior investors from SEQUOIA, Newspring and Genesis on the company’s board.

For more information on Innovid, please visit www.innovid.com.

About Innovid

Innovid is the world’s leading video advertising platform, delivering more video than any company across mobile, desktop, connected TVs, streaming devices and social platforms. Innovid partners with brands, agencies, and publishers to deliver new advertising models that increase engagement and time spent in ways that also provide more value to viewers. Our video platform enables personalization of creative, seamless cross-screen delivery, and holistic measurement to fuel next-generation video experiences and grow revenue. Innovid has offices in New York, Chicago, San Francisco, Los Angeles, London, Tel Aviv, Sydney, and Singapore. Please visit www.innovid.com for more information.

About Goldman Sachs Private Capital Investing

Private Capital Investing (“PCI”) is Goldman Sachs’ investment platform dedicated to providing junior capital to growth and middle market companies throughout North America. PCI invests $20 million – $150 million per transaction in the form of common, preferred, and structured equity.

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Contacts

Press contact: (FOR MEDIA ONLY)
Rachel Conforti
pr@innovid.com