Facebook Ad Firm Spruce Media Secures $15M
Facebook advertising solutions provider Spruce Media announced Wednesday that it secured $15 million in debt financing from Square 1 Bank.
Facebook advertising solutions provider Spruce Media announced Wednesday that it secured $15 million in debt financing from Square 1 Bank.
The Facebook Strategic Preferred Marketing Developer said it will use the money to accelerate sales growth, bolster its technology development team, expands into additional U.S. cities, invest in its technology build-out, and add infrastructure for its managed service and self-service business units.
Founder and CEO Rob Jewell said:
We’re growing fast, and that usually puts you in the red.
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