Kevel Raises $52M Growth Capital

Kevel, a Durham, North Carolina-based ad tech infrastructure provider, has raised $52 million in a growth capital financing round. The investment brings the company's total capital raised to over $100 million, supporting its mission to provide AI-driven commerce media solutions.

Investors

This round included participation from Fulcrum Equity Partners, dunnhumby Ventures LLC, Iberis Capital, and ORIX Corporation USA's Growth Capital business.

Kevel Use of Funds

Kevel plans to use the capital to accelerate product innovation, specifically focusing on its transparent AI decisioning and optimization capabilities. The company will also use the funds to expand its global presence into new retail and commerce media categories and enhance its strategic advisory services.

About Kevel

Founded by CEO James Avery, Kevel provides an API-first commerce media platform that enables retailers, marketplaces, and commerce platforms to build, own, and scale their own advertising networks. The company focuses on transparent, AI-powered infrastructure that allows businesses to manage their data and monetization strategies independently.

Funding Details

Company Website: https://kevel.co

Company: Kevel
Raised: $52M
Round: Growth Capital
Funding Date: October 21, 2026
Additional Investors: Fulcrum Equity Partners, dunnhumby Ventures LLC, Iberis Capital, ORIX Corporation USA
Company Website: https://kevel.co
Software Category: Ad Tech
Source: https://www.globenewswire.com/news-release/2026/10/21/3385662/0/en/kevel-secures-52-million-to-scale-ai-driven-infrastructure-for-the-future-of-commerce-media.html