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Dstillery Doubles up on Funding With an Extra $24 million
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Dstillery Doubles up on Funding With an Extra $24 million

PerformanceIN

Cross-device audience targeting technology Dstillery has announced a $24 million haul in series C financing from investors old and new.

This latest round doubles Dstillery’s total investment to $48 million and was led by NewSpring Capital, with some assistance from existing shareholders U.S. Venture Partners, Menlo Ventures and Venrock.

Dstillery intends to use the cash to open new offices in what it says are key markets while expanding sales and account management teams, hiring additional data science, engineering and infrastructure and developing new products.

The firm is eyeing potential acquisition targets in mobile, international and data companies as it builds on progress from the first six months of 2014 -  a period in which revenue was up 50% and staff numbers increased by 40%.

To complement the investment, NewSpring partner Mike DiPiano will be joining Dstillery’s board.

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Simon Holland

Simon Holland

    Simon is the news and research reporter at Existem. Previously a technology journalist, he now spends his time investigating both future and developing trends in performance marketing whilst producing editorial content for performancein.com

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