Choozle, a self-service programmatic ad platform, has secured $2.4 million in an A-1 funding round from current investors.
“Focusing on the $40 billion global programmatic market, the additional funds enable us to continue our expansion in the U.S. and abroad, while aggressively investing in our product,” stated Andrew Fischer, co-founder and CEO of Choozle.
Choozle has raised a total of $8.6 million in venture funding, from investors that include Great Oaks Venture Capital.
The company also announced a year over year tripling in revenue, while at the same time reaching profitability in the fourth quarter of 2016. These results came during a year where investment in the ad-tech and digital media sectors declined 33%. Over the same period, Choozle increased in personnel headcount by 30%.