Tuesday, September 1, 2015

Monetate raises $15M "to grow our team": Update

Retail Web tools maker raised another $20M in 2011

Monetate raises $15M "to grow our team": Update

0 comments

UPDATE: Monetate's new $15 million, from "new and existing investors," will be used "to grow our team and expand into new verticals and geographies," says boss David Brussin in a brief statement.

EARLIER: Monetate, First Round Capital-backed, West Conshohocken-based retail Web tools and "Big Data insights" provider, says it's raised $15.2 million of a projected $17 million in a new private offering, from unnamed investors.

Monetate employs 140 -- engineers, designers, salespeople -- and is hiring for 40 additional open positions, says spokeswoman Marifran Manzo-Ritchie. Monetate raised $20 million in previous offerings in 2011.

0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Also on Philly.com:
letter icon Newsletter