What is Kevel?
Founded in 2010 and headquartered in Durham, North Carolina, Kevel operates as a sophisticated online advertising platform designed for publishers and networks. It provides a comprehensive API that empowers developers to build custom ad platforms tailored for various applications, including sponsored listings, internal promotions, and native advertising. Kevel's infrastructure-as-a-service model allows businesses to create bespoke ad solutions, offering flexibility and control over their advertising ecosystems.
How much funding has Kevel raised?
Kevel has raised a total of $33M across 2 funding rounds:
Series B
$10M
Series C
$23M
Series B (2021): $10M with participation from Commerce Ventures, Fulcrum Equity Partners, Aperiam Ventures, and JARS Labs
Series C (2024): $23M led by Iberis Capital, Godwin Capital Group, and Fulcrum Equity Partners
Key Investors in Kevel
Commerce Ventures
Commerce Ventures is an investment firm specializing in the infrastructure for future industries in retail and financial services, focusing on sectors like retail tech and payment tech. They provide support to companies in their portfolio through their sector-specific network.
Fulcrum Equity Partners
Fulcrum Equity Partners provides capital and hands-on support for business growth, investing in B2B software and healthcare services. They focus on minority and majority growth opportunities, aiming to empower companies to reach their full potential.
Iberis Capital
Iberis Capital is a Portuguese private equity and venture capital manager focused on innovation and growth, catering to both early-stage and established companies. They manage over €600 million in assets and aim for high-performance investments.
What's next for Kevel?
With the recent influx of major strategic investment, Kevel is poised for accelerated growth and innovation. The company is likely to leverage this capital to enhance its API capabilities, expand its market reach, and potentially explore new verticals within the digital advertising space. This funding round signals strong investor confidence in Kevel's business model and its potential to disrupt the ad-tech landscape by providing foundational infrastructure for custom ad platforms.
See full Kevel company page
