Jebbit, which recently placed in CNBC's "Top 25 Most Promising Companies", reported earlier today that it gained US$1.25 million worth of funding from lead investor Data Point Capital and existing investor Boston Seed Capital. In line with the deal, Data Point Capital founder Scott Savitz joined the interactive ad company's board of directors.
The report of the deal followed a productive year for the ad network, which posted yearly revenue increase of more than 700% and handled over 100 clients to date.
Jebbit, an Internet-based pay-per-performance ad network, makes use of available online content such as webpages and display ads that sparks consumer interest by posing questions about the displayed pages or content. The questions support and reinforce brand education, social media action, market research, market research and direct sales for various brands. Since its establishment in 2011, the interactive ad innovator has been recognized and awarded by several national and international entities.
"At Jebbit, we believe that brands should never pay for online advertising, unless consumers truly interact with the ad," said Tom Coburn, Chief Executive Officer and co-founder of Jebbit. "As advertisers aim to achieve higher levels of ROI, positive impact on consumer awareness, and verification that advertising is delivered to the right audience, Jebbit's technology provides this level of performance on various forms of online content."
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