Moontoast raises $4.5 million in extension Series B
Moontoast has announced that they have raised $4.5 million in extension Series B funding. The Series B launched early last year and this investment was made by the Martin Companies. The Martin Companies led a $5 million deal last year. Moontoast is the leading provider of social rich media ad technology and services.
The Martin Companies is a Nashville based early stage investment company. The funding will be used for fueling growth and expanding their social rich media platform.
“In 2013, Moontoast experienced 277% revenue growth and tremendous industry validation. We anticipate that 2014 will be a year of further acceleration and continued platform innovation. This investment will allow us to accelerate these efforts and to further extend our market leadership and results in social rich media,” stated Moontoast CEO Blair Heavey.