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Memo, a startup that helps measure public relations work, has raised $7 million in seed funding.
Susa Ventures and MHS Capital led the funding round.
Memo plans to use the proceeds to more than double its headcount to about 50.
Memo, a public relations software company, has raised $7 million in seed funding to help take on the likes of Cision, the world s largest PR tech vendor.
Founded in 2018 by Eddie Kim, Memo says it can show exactly how many people have read an article and how they read it, through exclusive agreements with publishers like Condé Nast, Forbes, and The Washington Post. It claims its approach is more accurate than other PR software companies that rely on third-party data. Its clients include Google, Samsung, and Walmart.
Ex-Hulu CEO Randy Freer to Lead New Advancit SPAC
The company aims to raise $350 million for acquisitions, according to an SEC filingTim Baysinger | February 18, 2021 @ 10:50 AM Last Updated: February 18, 2021 @ 11:06 AM
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Former Hulu CEO Randy Freer is the latest media executive to join the growing crowd those getting into the investment game via a SPAC, or Special Purpose Acquisition Company.
According to an SEC filing, Freer will serve as CEO for Advancit Acquisition Group, which aims to raise $350 million for business acquisitions. In the filing, Advancit said it would “not be limited to a particular industry or geographic region in our identification and acquisition of a target company.”