Bizo has taken on $12.5 million in debt financing from City National Bank. The company expects to close the second quarter on a $40 million annualized revenue run rate and cross into profitability by year's end. As it stands, 60% of Bizo's revenue comes from its ad network. American Express, AT&T and General Motors are among the roughly 750 advertisers...[read more]
Tuesday, June 25, 2013
Bizo Grabs $12.5 Million in Debt Financing
Bizo has taken on $12.5 million in debt financing from City National Bank. The company expects to close the second quarter on a $40 million annualized revenue run rate and cross into profitability by year's end. As it stands, 60% of Bizo's revenue comes from its ad network. American Express, AT&T and General Motors are among the roughly 750 advertisers...[read more]
Bizo Announces $12.5 Million in Financing
Bizo announced it has raised $12.5 million in venture debt financing from City National Bank. With this funding, Bizo has raised almost $30 million in total equity and debt capital, providing the company with the financial flexibility to continue its rapid growth, further build out its technology platform and make strategic investments...[read more]
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