Congratulations to my client Critical Mention Inc. for closing a $4 Million round of Series B financing last month!
CIBC Capital Partners, Silicon Alley Venture Partners, Stonehenge Capital, plus other prior investors in Critical Mention, placed the money with the leading online provider of television search and monitoring services.
The new financing will be used to expand Critical Mention’s data collection network, increase sales and marketing initiatives and accelerate new product development. Plus, the company plans to expand its client services and account management groups to provide enhanced services to its growing list of more than 300 customers.
“In the last year we have grown our client base by over 300 percent, launched API integrations with several important partners and extended our market reach to law firms, financial services and newsrooms,” said Sean Morgan, Founder and CEO of Critical Mention.
“Growing off this strong base, this latest round of financing positions us to further accelerate our growth in both traditional broadcast monitoring as well as emerging TV search and video syndication markets. 2006 will be the year that video on the web goes mainstream, and we are excited to be part of this massive growth trend.”
See Critical Mention’s press release about this.