Those who use digital video in any way with their company are likely going to be familiar with Altitude Digital. This firm has been growing rapidly since they launched in 2009, and have recently become one of the top ten largest video platforms by volume. Over the past year they have done exceptionally well, and this has allowed them to receive significant financing to further encourage this growth.
The financing comes from FastPay, which is a major financial firm providing liquidity to the media industry. They have provided $30 million in new capital to help improve the financial situation of Altitude Digital, positioning them well to further grow the company.
Specifically, Altitude is planning on growing their international presence, which continues to be a very profitable area for digital videos.
Jeremy Ostermiller, CEO and Founder of Altitude Digital, said, “This is a very important time in video advertising’s development and Altitude’s role in shaping the future. This partnership with FastPay will help us continue to build the technology and global team to lead the next stage of evolution in online video and mobile advertising.”
Altitude Digital has a history of raising significant capital. They preciously received $15 million for growth. The company has been profitable since their 2009 launch, which is very impressive for a digital advertising firm.
For those who use, or are thinking about using, digital video advertising in the future, this deal will help to make Altitude Digital an even more attractive partner than they were before.
