NYIAX Closes Another $5.6 Million Seed Round to Bring Total Investment to $16M
Funding Supports Growth and Expansion of the Company’s Guaranteed Advertising Contract Marketplace, Preferred Partnerships and Integrations
NEW YORK and LOS ANGELES, June 13, 2018 (GLOBE NEWSWIRE) -- NYIAX, the world’s first guaranteed advertising contract marketplace, today announced it has successfully closed another $5.65 million in its latest seed funding round led by WestPark Capital. This brings the company’s total funding to $16 Million.
“NYIAX’s team and technology has achieved incredible traction in the advertising marketplace and is ahead of schedule on the mission to deliver Wall Street’s automated trading capabilities and financial rigor to media buying and selling,” said Robert Ainbinder, who led WestPark Capital’s investment and is Director of NYIAX. “We are excited to increase our investment and accelerate the enormous opportunities NYIAX is seizing for those it serves.”
“With the NYIAX platform live with first trades on the schedule for next month, agency holding company partnerships in play, the integration of Rebel AI’s passport into our marketplace and other media companies now beginning to adopt our patent-pending trading method into their own platforms, it’s a very busy and exciting time,” said Carolina Abenante, founder, executive vice chairperson, chief strategy officer and general counsel for NYIAX. “We are delivering on our promise to put power back into the hands of buyers and sellers and we are grateful for this latest seed investment.”
Next week, members of the NYIAX leadership team will be leading brand discussions about the digital transformation of the advertising market at both Cannes Lions 2018 and Oaklins DeSilva+Phillips Dealmakers Summit (New York, NY).
For more information about the raise or investing, please contact Carolina Abenante. To meet with a member of the team at one of the events, begin trading on the platform or other inquiries, please email NYIAX Info.
About NYIAXDeveloped in partnership with Nasdaq, NYIAX (https://www.nyiax.com) combines a patented Financial Matching Engine℗ with blockchain technology for the advertising industry. NYIAX provides advertisers and publishers a platform to buy, sell, and re-trade premium advertising contracts in a forward/futures methodology. As the first and only trusted, transparent, and curated marketplace, NYIAX enables advertisers and publishers to increase ROI and to reduce costs throughout the deal lifecycle.
Media ContactsShelley PetriBlast PR for NYIAX firstname.lastname@example.org