Place Exchange Raises $20 Million to Support Spinoff From Intersection

The digital out of home platform is also expecting a ‘triple digit’ lift from the emerging return of OOH activity


After its industry struggled through a socially-distant year where fewer people than usual encountered outdoor billboards and digital displays, out of home ad sales platform Place Exchange is prepping for a spark of triple-digit growth by closing a $20 million series A funding as it prepares for its new status as a standalone company.

Created in 2018 as a programmatic tool for sellers as a subsidiary under OOH media and tech company Intersection, Place Exchange will use the round’s proceeds to complete its spinout.

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