San Francisco – Spruce Media, one of Facebook’s largest ad buying clients, said on Wednesday it has secured $15 million in debt financing from Square 1 Bank.
The company is a San Francisco-based developer of marketing technology used by advertisers, agencies and trading desks on Facebook.
Spruce Media said it plans to use the financing to accelerate sales growth and further expand its technology development team.
Spruce also said it plans to expand into additional U.S. cities, invest in its technology build out and provide additional infrastructure for both its managed service and self-service business units.
This article was also published in Bay Area Tech Wire.
Spruce Media – http://www.sprucemedia.com
Square 1 Bank – http://www.square1bank.com
Spruce Media – press release
Business Insider – $150M In Facebook Business Gets Spruce Media A $15M Funding Round