NetShelter Technology Media announced today that it has closed an $11.1 million Series A round of financing from Rho Canada, GrowthWorks and JLA Ventures. Proceeds of the minority investment will be used to accelerate company’s Open Media model that helps brand marketers engage with core consumer and B2B tech buyers worldwide.
NetShelter Technology Media brings together a publisher network of over 150 tech content sites alongside owned-and-operated programs to offer marketers a way to directly engage with affluent and passionate tech audiences. NetShelter pioneered the concept of the vertical media network and recently passed long-time segment leader CNET to rank number #1 on the list of comScore’s Technology News Web Properties.
NetShelter reaches 9.3 percent of the total U.S. online audience and has 17.7 million unique visitors a month according to comScore.
JLA Ventures’ Rick Segal is delighted to have more friends around the NetShelter campfire – JLA provided an initial $1.5 Million of seed capitalfor NetShelter.