Online video advertising company Adap.tv announced Tuesday that it has closed $20 million in Series C financing led by Bessemer Venture Partners, with participation from existing investors Gemini Israel Funds, Redpoint Ventures and Spark Capital.
The startup has raised nearly $50 million over several rounds since its founding in 2006.
Offering solutions for advertisers, publishers and partners, Adap.tv aims to streamline the process of ad buying and building a ad-based revenue model.
Advertisers receive access to an all-in-one campaign manager for buying, serving and tracking various video ad campaigns and publishers can use Adap.tv to run video spots across every platform--Web, mobile and IPTV.
Since launching in February 2010, the Adap.tv Marketplace has been utilized by over 4,000 websites as a monetization solution. Today, it is ranked the third largest online video property by video ads viewed, according to comScore, with 431.9 million videos viewed in the month of January 2011. Ranking above Adap.tv are Tremor Media Video Network, with 503.7 million videos viewed, and Hulu, with 1.1 billion videos viewed.
(Adap.tv claims that it delivers over 1.8 billion video ad views monthly, but that more than quadruples comScore’s count. See chart at bottom for the whole picture.)
The ad network also says it reaches over 60 million unique viewers.
Just last week, Adap.tv brought its ad marketplace to the UK for the first time, citing upward trends for online video in Europe.
Today’s new funding will go toward supporting international growth, the technology platform, and product development.
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Adap.tv: Leadership and Innovation for the New World of Online Video Advertising
Adap.tv helps publishers capitalize on the soaring popularity of online video among viewers and advertisers. Our flagship offering, Adap.tv OneSource, provides a single point of control to serve and manage ads from in-house and third party sources, in all major video formats, using your existing display ad server. OneSource streamlines ad operations, supporting efficient scalability for any online video business, from startups to major media companies.
As the first open and universal video ad sourcing and management platform, the powerful yet simple to use OneSource system has already gained broad industry support. More than 300 publishers in 71 countries use OneSource to monetize hundreds of millions of video streams each month. Whether an already established leader in video publishing—or a publisher determined to become one—Adap.tv provides the tools they need to achieve their online video goals.
