Today, Turn kicked off the tech investments for 2011 with $20 million in new funding. With the additional capital, Turn will invest in three areas -- building a highly scalable global infrastructure, continuing to develop disruptive technologies and growing our business internationally.
The round of funding was led by Greenspring Associates, a leading venture investment firm headquartered in Maryland. All of Turn’s previous investors, Norwest Venture Partners, Trident Capital, Shasta Ventures and Focus Ventures, took their full pro rata shares in the round.
According to John Avirett, Principal at Greenspring Associates, “We’ve been impressed by the tremendous growth of the company, driven in large by its innovation and scalable infrastructure. It’s clear that Turn represents the future of media and data management with its unprecedented technology and advanced understanding of digital marketing."
Read the official press release here >>