Funding for the social media advertising company stands at $12m, thanks to investors including a Sumitomo corporate venturing fund.
Compass Labs, a US-based company specialising in ‘intelligent’ social media advertising, secured $6m in funding on 16th February from Presidio Ventures, a corporate venturing fund belonging to Japan-based conglomerate Sumitomo, and venture firm New Enterprise Associates.
The round takes Compass’ financing to $12m since its launch in 2009, with investors also including VC firm IndoUS Venture Partners and venture loans provider TriplePoint Capital.
The capital will be used by Compass to further develop Compass Labs IQ (CLIQ), its social…
