Topical Advertising channel Taykey announced a US $6 million worth of fresh capital infusion from four investors led by venture firm Tenaya Capital.
Tenaya Capital is joined by Sequoia Capital, Market and SoftBank Capital to raise the funds, which is going to be used to bolster the Taykey's expansion plans. The third round of financing brings the total funding of the company to US $17 million.
Taykey CEO Amit Avner said the new investment will further boost the company's rapid growth this year. According to data released by the company, it is projected to outpace the 2012 revenues by as much as 300% this year.
"Our success is demonstrated by the caliber of the talent we are bringing into the company from some of the best companies in the industry," he said.
To support its expansion plans, the company hired Adam Klee to head the Media Operations and Carmit Tevet-Kuzy who was appointed VP of Finance.
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