The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!
Facebook’s market value may be plummeting, but the demand for its ads, and social ads in general, remains at fever pitch. Here to help brands and enterprises with their social play-calling is startup Unified, which just raised $14 million in financing led by Condé Nast owner Advance Publications, with participation from Silicon Valley Bank.
One-year-old Unified lets enterprises buy, run, and manage paid and earned media campaigns across Facebook, Twitter, StumbleUpon, LinkedIn, and YouTube. The startup uses science to automate campaigns and help its more than 200 agency and brand clients achieve virality.
Officially launched in January 2012, Unified has been running its self-described “social operating platform” since April 2011, using $1.6 million in seed funding to finance early growth. Unified said that it would invest the new funds in improving products, and expanding sales and marketing teams.
Unified clients include Microsoft, Samsung, Nestle, BMW, General Electric, TransUnion, and Deutsch, and the company says that tens of millions of ad dollars have been purchased and measured through its still-young platform. To date, Unified has made “double digit millions in revenue” through a combination of subscriptions, professional services, and a percentage of advertising dollars spent, a spokesperson told VentureBeat.
The lead $10 million investment from media giant Advance Publications signals an interest in capitalizing on advertisers’ growing interest in less conventional ad buys. It’s a multi-million dollar bet on new media that could help protect the old media veteran’s print and digital assets. Advance Publications also has a stake in education software company Kno and online video measurement startup Visible Measures.
Unified’s funding news follows several major acquisition deals by tech heavyweights interested in buying a piece of the social marketing pie. Oracle recently acquired Vitrue for $300 million and also went on to snatch up Collective Intellect, and Salesforce just purchased Buddy Media for $689 million.
Unified has 26 employees spread across offices in San Francisco and New York. The startup has raised $15.6 million in funding to date. As part of the latest raise, Advance Publications senior vice president of corporate development Andrew Siegel will be joining Unified’s board of directors.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more