a company milestone
I’m pleased to announce today that Krux has hit another major company-building milestone. We just closed our latest round of funding, providing new resources to accelerate growth, extend our US leadership position, and expand our global footprint.
The $11M round was led by Accel Partners and IDG Ventures, preeminent players in the media and technology VC community. With this round, we’re fortunate to have the continued support and participation of our earlier investors as well.
This is a significant step forward for Krux, and you can expect aggressive investments as we increase Bay Area and New York City presence, drive rapid expansion in our market-facing and engineering teams, and extend our global reach through targeted European build-out.
I also have the pleasure of welcoming two media and technology pioneers to our leadership team. Arthur Patterson, Founding Partner at Accel, and Alexander Rosen, Managing Director at IDG Ventures, are joining the company’s Board of Directors, alongside trusted advisors and investors Mike Galgon and Howard Charney.
As I said in today’s announcement, any entrepreneur would be lucky to have access to just one of them, but to be able to draw on all four is, frankly, a bit humbling. With their continued guidance and support, the hard work of the Krux team, and the vision and trust of our clients, we’ll build on today’s foundation and continue help our clients serve up cooler, smarter, safer web experiences for their consumers.