Series C Funded Advertising Startups
Series C rounds in advertising — across the 14 entries shown — span a three-and-a-half-year window from AppOnboard's $20M close in Los Angeles (January 202…
Series C rounds in advertising — across the 14 entries shown — span a three-and-a-half-year window from AppOnboard's $20M close in Los Angeles (January 2021) to Knowde's $60M round in San Jose (August 2024). Disclosed amounts range from $20M to $150M, with Moloco's $150M Redwood City round (August 2021) the largest on record here. Tools For Humanity pulled $115M in Denver in May 2023, the largest among post-2021 closes. Kevel's January 2023 round remains the only undisclosed figure in the set.
The 2021 vintage is the densest, accounting for seven of the fourteen rounds, and includes Terminus ($90M, Atlanta), Permutive ($75M, London), and Funnel ($66M, Stockholm). California hosts three companies across the dataset — Knowde, Postscript, and Moloco — while Colorado accounts for two (Tools For Humanity in Denver, Sovrn in Boulder). Permutive and Funnel are the only non-US entries, both closing within six weeks of each other in Q4 2021.
Most recent rounds
14 shownRelated listings
Frequently asked
What is the largest Series C round among the advertising companies shown here?
Moloco raised $150M in Redwood City, California in August 2021, the largest disclosed round in this dataset. Tools For Humanity's $115M close in Denver (May 2023) is the second largest, and Terminus's $90M Atlanta round (February 2021) ranks third among disclosed amounts.
Which year saw the most Series C advertising rounds in this data?
2021 accounts for seven of the fourteen rounds shown, including Moloco ($150M), Terminus ($90M), Permutive ($75M), and Funnel ($66M). Activity fell to four rounds in 2022, two in 2023, and one in 2024.
Where are Series C advertising companies geographically concentrated?
California hosts three companies — Knowde (San Jose), Postscript (San Francisco), and Moloco (Redwood City). Colorado has two — Tools For Humanity (Denver) and Sovrn (Boulder). The remaining US entries span Durham NC, Miami FL, Baltimore MD, Atlanta GA, New York, and Los Angeles, with two international rounds from London (Permutive) and Stockholm (Funnel).
Are there any non-US advertising companies in this Series C cohort?
Two: Permutive closed a $75M round in London in November 2021, and Funnel closed a $66M round in Stockholm in October 2021. Both are the only non-US entries and closed within six weeks of each other.
Which company kept its Series C round size undisclosed?
Kevel, based in Durham, North Carolina, is the only company in this dataset with an undisclosed round amount. Its Series C closed on January 11, 2023.
What does the range of round sizes look like across these 14 advertising Series C deals?
Among the 13 rounds with disclosed figures, amounts span from $20M — raised by both Whitebox (Baltimore, January 2022) and AppOnboard (Los Angeles, January 2021) — up to $150M for Moloco. Postscript ($65M) and Funnel ($66M) sit near the middle of the range.
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