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Spot Runner announced that global media leaders Daily Mail and General Trust (DMGT) and Grupo Televisa, along with renowned institutions Legg Mason Capital Management* and Groupe Arnault/LVMH, as well as existing investors have made equity investments in the company totaling $51 million.
“These strategic investments serve as a strong validation of Spot Runner’s technology-driven advertising model, as well as the results we have generated for advertisers and media owners,” said Nick Grouf, chairman and CEO of Spot Runner. “This further accelerates our momentum as we expand into a broader spectrum of online and offline media, both domestically and abroad.”
“Spot Runner has demonstrated its ability to create meaningful value for media companies by bringing new categories of advertisers to television and other media and by helping larger companies invest their budgets more intelligently and effectively,” said Alfonso de Angoitia, executive vice president of Grupo Televisa, S.A.B. “We feel Spot Runner’s model has great applicability to the Latin American market and we’re excited to explore new opportunities to partner.”
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