The Trade Desk, a demand-side platform (DSP), on Tuesday announced it has closed a $20 million Series B round of funding. The round was led by Hermes Growth Partners.
Over the past year, The Trade Desk has opened offices in the U.S., Singapore, Australia and Germany. The company intends to use the new money for further expansion, with eyes on countries in Europe, Asia-Pacific, Australia and Northern Asia.
“The opportunity to expand internationally was of particular interest,” stated Juan Villalonga, co-founder of Hermes Growth Partners, in regard to the investment and The Trade Desk’s expansion plans.
IA Ventures, which participated in The Trade Desk’s Series A round of funding, also participated in this round. The IA Ventures team is led by founder and managing partner Roger Ehrenberg.
Jeff Green, The Trade Desk’s CEO and co-founder, stated: “We found the right partners on this round in the team at Hermes Growth Partners, and are thrilled to see Roger and the team at IA Ventures double down on the success we have seen thus far.”
The Trade Desk has also added two members to its board of directors: Rob Perdue, its chief operating officer, and Alex Kayyal of Hermes Growth Partners.