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Vibenomics Closes $6.5M in Funding to Fuel the Launch of Additional National Networks

Oct 28, 2020•over 4 years ago

Amount Raised

$6 Million

Indianapolis

Description

Vibenomics, a location-based Audio Out-of-Home™ (AOOH) advertising and experience company, today announced $6.5 million in Series A2 funding to support the launch of additional national networks in convenience stores and grocery retailers fueled by the rising momentum in programmatic technology. BIP Capital, who led Vibenomics’ Series A funding earlier this year, is a follow-on investor for this round along with local Indianapolis company, Elevate Ventures, which includes a combination of $4.5 million in equity funding and $2 million in venture debt.

Company Information

Company

Vibenomics:

Location

Indianapolis, Indiana, United States

About

Vibenomics, Inc. is a location-based audio out-of-home advertising and experience company that powers custom radio stations for retailers, giving brands the ability to talk to shoppers directly at the point of sale. With its powerful cloud-based technology, licensed background music library, data integration capabilities, full-service team of audio experience experts, and network of professional voice talent available on-demand, the company provides the right revenue-enhancing vibe for over 120 advertisers in more than 6,000 locations across 49 states, reaching over 200 million people.