Invision Inc., a New York-based provider of advertising sales solutions to broadcast and cable television companies, has raised $30 million in its first round of institutional funding. ABS Capital Partners led the deal, and was joined by CIBC Capital and ABS limited partner Piper Jaffray.
INVISION INC., the leading provider of advertising sales solutions among broadcast networks, cable networks, ethnic market media and syndication television, announced today that it had completed a $30 million Series A funding. The proceeds will be used for working capital to continue to make enhancements to the Company's leading technology as well as increase sales, marketing and customer service efforts. The round will also fund a dividend to existing shareholders. The investment was led by ABS Capital Partners, a leading later-stage growth company investor, along with CIBC Capital Partners, and ABS Capital's Limited Partner, Piper Jaffray. This is INVISION's first institutional round of financing and gives it an active, professional group of investors to support the Company as they continue to build a significant business. As a result of the financing, Ralph Terkowitz and Bobby Goswami, General Partners at ABS Capital and Mark Hastings, Managing Director of CIBC, will join INVISION's Board of Directors.
“Our customers are operating in an increasingly dynamic business environment where it is paramount that they optimize their most precious asset