eBureau, a provider of predictive scoring and information services for online advertisers, has closed a USD10m round of series C financing led by venture capital firm Tenaya Capital.
Existing series A and B investors Split Rock Partners and Redpoint Ventures also participated in the financing round.
"Our investment demonstrates confidence in eBureau’s management team, the direction the company is taking and the opportunity at hand," says Ben Boyer (pictured), managing director of Tenaya Capital. "We are impressed with the growth in eBureau’s business and believe that, with its real-time predictive analytics technology, the company is exceptionally well-positioned to help online advertisers improve their bottom-line results in the years ahead."
Over the past two years, eBureau has expanded its customer roster to nearly 100 clients across multiple industries, including financial services, education, automotive, insurance and retail.
"This significant round of funding from top-tier investors further validates our proven approach to addressing the needs of the online advertising industry," says Gordy Meyer, president and chief executive of eBureau. "With this capital we will drive further product innovation and accelerate our growth through expanded sales and marketing activities."
Tenaya Capital is a venture capital firm with offices in Menlo Park, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, the firm became an independent company in 2009.
