Series B round affirms Blis’ position as the global industry leader in location-based advertising technology.
London, 12th April 2016 – Blis, the global pioneer in advanced location data technology, has today announced that it has secured US$25 million in funding from major new investors Endeit Capital, Beringea US and Unilever Ventures, alongside additional credit facilities provided by Silicon Valley Bank.
The investment will help fund the continued expansion of Blis into new markets, including the US, and the scaling of international sales and marketing activities. It will also be used to enhance Blis’ core data engineering capabilities, as well as the development of new product features.
Since launching in London, Blis has grown rapidly to become one of the largest location technology companies in the world, operating a profitable, high-growth business in over 50 markets from eight offices throughout APAC and EMEA.