Raises $20 Million

Adap tv video ad network logoFollowing Wix’s $40 million announcement yesterday – growth capital seems to be the name of the game in Israel this week., the video advertising company started by’s founder and former CTO Amir Ashkenazi, has announced a $20 million series C, led by Bessemer Venture Partners (BVP) and joined by previous investors Gemini Israel Funds, Redpoint Ventures and Spark Capital. To date, has raised $43 million including this round. developed a marketplace for video publishers and advertisers. Their platform, enables publishers to sell ad space on their video content, across all ad networks from a single place. For advertisers, offers access to over 60 million viewers, across 4,000 sites, which generate 1.8 billion video ad impressions monthly.

A slide from adap tv's study

From's Video State of the Industry Survey

Take a small cut of every transaction (as marketplaces do) and you get nice growing cash flow. So why do they need the money? says it will use the new funding to support international growth, expand product development, and strengthen the company’s footprint in the U.S, according to this post on TechCrunch. In our view, it’s a combination of giving the entrepreneurs some liquidity (likely) and perhaps having a bit of cash for a small acquisition.

Adap TV home page

The video advertising space is a crowded one, but seems to have found its place amongst the top 10 video ad networks, facing competition from players like Hulu, VideoEgg, Brightroll, Brightcove and Google (I’m a Google Employee – see disclaimer). Their strength, it seems, is in their ability to form partnerships with leading platforms across data providers, Analytics services and ad verification systems. Just take a look at their partners page, and you’ll see what I mean.

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Eze Vidra

General Partner, Google Ventures at Google
Eze is a General Partner at Google Ventures Europe. Before joining GV, Eze started Campus London, Google's first physical hub for startups, and led Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
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