Press Release, June 24, 2010
SAN FRANCISO, California. –(June 24, 2010) Triggit, the leading developer of technologies for buying media using real-time bidding, today announced $4.2 million in series A funding from Spark Capital and Foundry Group. Seth Levine, Managing Partner at Foundry Group and Santo Politi, General Partner at Spark capital will be joining the board. Also participating in the round through the conversion of their previous investments are Brett and Scott Crosby, the founders of Urchin; Asher Waldfogel, the founder of Peakstream and Tollbridge Technologies; Ben Narison, founder of Fashionmall.com; Joe Spieser and Alex Zhardanovsky, founders of Epic Advertising; Gilad Elbaz, the founder of Applied Sematics; Reid Hoffman, the founder of Linkedin; TriplePoint Capital; DG Incubation; Joi Ito; Charles Sprincin; and Eric Stein. Triggit intends to use the proceeds of the round to support its continued rapid growth and to begin international expansion.