KERV Interactive, an Austin, Texas-based digital advertising platform, announced that it raised $12 million in growth capital.
Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity”), provided a $7.5 million facility and the balance included participation from Plaza Ventures and Vestech Partners.
This round increases the cumulative funding raised to $30 Million to accelerate continued growth in technology, marketing, and sales.
Company: Grabit Interactive Media Inc.
Raised: $12.0M
Round: Private Equity
Funding Month: May 2022
Lead Investors: Trinity Capital Inc.
Additional Investors: Plaza Ventures and Vestech Partners
Company Website: https://kervit.com/
Software Category: Digital Advertising Platform
About the Company: KERV is a digital advertising platform built on patented technology to create shoppable and immersive experiences within the video. Using machine learning techniques and AI to drive speed and precision, only KERV's technology recognizes depth, dimension, and objects in a video in real-time more accurately than the human eye. The platform’s ability to make shoppable videos has shown to be successful across the web, mobile, social, and CTV. Only KERV delivers a truly unique shopping experience for consumers and brands. Founded in Austin, KERV has spent the last seven years investing in its platform, solidifying its unique patents, expanding its talented team, and growing its customer base.
Source: https://www.globenewswire.com/news-release/2022/05/25/2450248/0/en/KERV-Interactive-Raises-12-Million-in-Growth-Capital-from-Trinity-Capital-Inc-Plaza-Ventures-and-Vestech-Partners.html