Kinetic Social Closes $17.5 Million in New Financing
Social Marketing and Data Company to Invest in Advanced Social Data Management Capabilities, Creative Optimization Services and New Staff
NEW YORK, NY — (Marketwired) — 07/21/15 — Kinetic Social, a leading social marketing data and technology company, has closed $17.5 million in financing from Multiplier Capital and Bridge Bank, including growth capital and an expanded working capital facility to support continued revenue momentum.
Advertisers will spend $23.68 billion worldwide on paid media through social networks this year, according to eMarketer. Kinetic, a Facebook Marketing Partner, Twitter Official Partner, and Pinterest Ads API Partner, has continued to achieve a 100% growth rate and expects to do so well into the future, as it provides innovative and best-in-class solutions yielding quantifiably superior returns on its client’s paid media investments.
“At Kinetic, we have been extremely fortunate to be at the forefront of the Social data and media revolution,” said Don Mathis, CEO of Kinetic Social. “And that position, combined with the great work and innovation of our extraordinary team, has enabled us to build an extremely solid financial foundation. As a direct result, we’ve been able to secure growth capital at highly favorable terms, providing additional resources to capitalize on our strong forward momentum. We are thrilled to be partnering with Multiplier Capital and Bridge Bank.”