January 11, 2013

Altitude Digital Partners Raises $5 Million in Series A Financing

Altitude Digital Partners, Inc. recently announced that it has raised $5 million through a Series A financing. The financing was led by new investor Mercato Partners. In connection with the equity investment, Altitude Digital also secured a new credit facility provided by Silicon Valley Bank. Faegre Baker Daniels LLP represented Altitude Digital in both transactions.

Altitude Digital intends to use this capital to support key marketing initiatives, new customer acquisition and expanding the company's technology platforms, which includes optimizing ad space and operations for online publishers while reaching new, untapped target markets.

"We were extremely proud to partner with Altitude Digital on these deals that will assist them in achieving their strategic business goals. This financing is significant for both the company and the Colorado market," stated Matt Stamski, lead FaegreBD attorney for the deal.

The FaegreBD team was led by Stamski, with assistance from attorneys John Marcil, Charles Bybee, Jim Carroll and Kate Kalanick.

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