What is Vengo?
Vengo operates a comprehensive technology and sales platform designed to streamline the buying and selling of media inventory for out-of-home (OOH) screens. The company empowers media buyers to reach audiences through a vast network of over 53,000 programmatically-enabled screens, with a significant concentration of more than 35,000 screens located in high-traffic retail environments. Concurrently, Vengo assists screen owners in maximizing their revenue through a sophisticated programmatic sales approach, leveraging proprietary software and deep industry expertise to optimize profit opportunities for all stakeholders in the OOH advertising ecosystem.
How much funding has Vengo raised?
Vengo has raised a total of $13.2M across 7 funding rounds:
Other Financing Round
$1M
Series A
$2M
Private Equity
$718K
Debt
$2M
Series B
$7M
Debt
$150K
Debt
$285K
Other Financing Round (2013): $1M with participation from David Tisch, Brad Feld, Joanne Wilson, BoxGroup, Gary Vaynerchuk, and Mark Wachen
Series A (2014): $2M led by Joanne Wilson, Vector Media, Scout Capital, Brad Feld, Kensington Capital, Vegas Tech Fund, QueensBridge Venture Partners, and Jens Molbak
Private Equity (2015): $718K, investors not publicly disclosed
Debt (2016): $2M featuring Lori Greiner and Kevin O'Leary
Series B (2019): $7M, investors not publicly disclosed
Debt (2020): $150K with participation from PPP
Debt (2021): $285K led by PPP
Key Investors in Vengo
BoxGroup
BoxGroup is an early-stage venture capital firm known for investing in technology startups. Their focus often lies in identifying disruptive companies with strong founding teams and scalable business models.
Kensington Capital
Kensington Capital is an investment firm that provides financial backing and strategic guidance. They focus on helping businesses grow and achieve their financial objectives through tailored investment strategies.
Vegas Tech Fund
Vegas Tech Fund is a seed-stage investment fund dedicated to supporting startups in the technology sector, particularly those aiming to build vibrant tech communities. They invest in founders addressing significant problems with innovative solutions.
What's next for Vengo?
The recent major strategic investment signals a pivotal phase for Vengo, likely indicating a move towards scaling operations, enhancing its technological infrastructure, and potentially expanding its market reach. As a company operating in the dynamic OOH advertising sector, Vengo is well-positioned to capitalize on the increasing demand for programmatic solutions. Future developments may include strategic partnerships, further platform innovation, and broader adoption by both media buyers and screen owners seeking efficient and profitable advertising channels.
See full Vengo company page
