Thursday, April 29, 2021

GumGum Grabs $75M

Santa Monica-based contextual advertising technology developer GumGum said earlier this month tht it raised $75M in an investment round from Goldman Sachs Growth. The funding--announced on April 13th--will go towards making its products more broadly available, and to expand and accelerate investments in international markets, according to the firm. As part of the funding, Holger Staude of Goldman Sachs Growth will join GumGum's board of directors. GumGum is led by CEO Phil Schraeder.