Scribble Raises $12M Series C
TORONTO, CANADA, Leading provider of content engagement software for brands and media, today announced the closing of its Series C round of funding.
Scribble Technologies Inc, the leading provider of content engagement software for brands and media, today announced the closing of its Series C round of funding. The $12 million investment was led by WIN (Waterloo Innovation Network) Fund, which invests in growth stage digital media and mobility companies, and brings Scribble's total funding to over $20 million. In addition to WIN, all of Scribble's existing investors participated in the funding round, including Georgian Partners, Export Development Canada, Summerhill Venture Partners and Rogers Venture Partners.
'Scribble continues to lead a fundamental shift in the way marketers and publishers engage with their customers using content and content software, with over 500 enterprise customers including some of the world's biggest brands,' said Vincent Mifsud, CEO of Scribble. 'We are a fast growing, cash-flow positive business and we see tremendous opportunity in the market. We welcomed this round of funding as it allows us to further accelerate our growth, providing resources to open new international offices and make strategic acquisitions.'
Scribble continues to expand at a rapid pace, with revenues increasing at a compound annual rate in excess of 100% and engagement powered by Scribble rising to over four billion minutes per month.
Scribble delivers its content engagement software solutions to the largest brands and media companies across the globe including Ferrari, Red Bull, FOX, CNN, Ford, The Football League, NFL, and hundreds of others. The Scribble platform empowers marketers to fulfill every stage of the content life cycle, from planning, creation, and distribution to interaction, measurement, and optimization.
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