Deals

Travel advertising firm Intent Media raises $22.7M

Closeup of a red pushpin on a map

Advertising firm Intent Media has raised a fresh $22.7 million in funding, the company announced today.

Intent Media focuses on advertising and marketing in the travel industry, specifically for travel-related tech companies. It’s clients include Orbitz, Expedia, Hotwire, Travelocity, and Hipmunk.

Intent said it plans to use the additional capital to continue its international expansion, having already launched into Europe earlier in the year. It also plans to use the money to hire more engineers and data scientists to boost its ad platform.

The round, the firm’s third to date, was led by Insight Venture Partners, with participation from existing investors Matrix Partners and Redpoint Ventures. The investment deal also included adding nsight Ventures partner Bradley Twohig to its board of directors.

Founded in 2009, the New York-based company has raised a total of $51 million in funding to date.