Total amount raised
$14 Millions
Latest funding date
09/01/2021
Location
Vengo has successfully raised funds through multiple rounds, with its latest funding type being a Venture - Series Unknown. The company offers a turnkey technology and programmatic sales platform that connects digital out-of-home screens to programmatic channels.
With a network of over 53,000 screens, Vengo provides media buyers and screen owners with a streamlined experience for buying and selling media. Keep reading to explore the intricacies of Vengo's fundraising journey and the investors backing this innovative platform.
What Is Vengo?
Vengo, founded in 2012, is a software and media company headquartered in Long Island City, New York. The company was established by Abuhena Azad, Brian Shimmerlik, and Steven Bofill.
Operating in the digital media and brand marketing industries, Vengo combines interactive digital media with point-of-purchase to engage consumers and collect data. The company employs between 11 and 50 people.
Vengo's technology and sales platform streamline the buying and selling of media for out-of-home screens, offering a network of over 53,000 screens to media buyers and screen owners.
How Much Funding Has Vengo Raised?
- Funding Round: Seed Round
- Amount Raised: $1M
- Date: February 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial technology.
- Funding Round: Series A
- Amount Raised: $2M
- Date: April 2014
- Lead Investors: SeedInvest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product line and increase market reach.
- Funding Round: Series A
- Amount Raised: $2M
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology.
- Funding Round: Debt Financing
- Amount Raised: $2M
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operational costs and growth initiatives.
- Funding Round: Series A
- Amount Raised: Not publicly disclosed
- Date: September 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and product offerings.
- Funding Round: Series B
- Amount Raised: $7M
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological capabilities.
- Funding Round: Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Moderne Ventures, Gary Vaynerchuk
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enter new markets.
Total Amount Raised: $14M
Current Valuation: Not publicly disclosed
Key Investors
- Moderne Ventures
- Details: Moderne Ventures is a venture capital firm that invests in technology companies. They focus on companies that can disrupt traditional industries.
- Investment Focus Areas: Technology, real estate, finance, insurance, home services
- Notable Investments: Not publicly disclosed
- Gary Vaynerchuk
- Details: Gary Vaynerchuk is an entrepreneur and investor known for his work in digital marketing and social media. He is also a public speaker and author.
- Investment Focus Areas: Digital marketing, social media, technology startups
- Notable Investments: Not publicly disclosed
What's Next for Vengo?
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