DoubleVerify, an ad measurement and verification vendor, today announced a $350 million investment round led by Tiger Global Management, which is expected to close in the fourth quarter.
The investment in DoubleVerify, which is rumored to be preparing an initial public offering, will primarily be used to buy back shares from existing shareholders. A portion of the investment will be used to support growth in the business, including its connected TV offerings.
“The support of these high-caliber investors speaks to DoubleVerify’s momentum, including new customer growth, product innovation and global expansion,” Mark Zagorski, CEO of DoubleVerify, said in a statement.
Fidelity Management & Research Company LLC also participated in the investment round, along with funds and managed and advised by BlackRock and Neuberger Berman Investment Advisers.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in