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EDO Interactive Gets $20M Of VC Financing

Nashville technology startup EDO Interactive has raised $20 million in ‘Series B’ round of venture capital funding.

    Nashville technology startupEDO Interactivehas raised $20 million in ‘Series B’ round of venture capital funding. The financing was co-led byBaird Venture PartnersandVantagePoint Capital Partners; however, the company’s existing investors also participated in the fundraising process.

    The advertising technology innovator will use the proceeds to hire sales, technology and analytics’ staff at its Nashville and Chicago offices. As part of the transaction, Baird’sBenedict Rocchioand VantagePoint’sTom Bevilacquawill join EDO’s board of directors.William Blair & Companyassisted EDO with the fundraising.

    Click here for the release fromPR Newswire.

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