Matchbin, a local commerce, content, and digital publishing business, has quite a string of announcements this morning. The company announced Tuesday that it has closed a $22 million round of funding, acquired NAVTEQ’s Radio and Television Group, and rebranded as Radiate Media. Oh, and the company has a new CEO. The funding was led by Level Equity, with help from Greycroft Partners and vSpring Capital.
The new entity created by the merger of Matchbin and NAVTEQ—Radiate Media—will provide local and national advertisers with localized content, digital content management solutions, and an advertising platform via its media partner network. The company will continue to offer its Editionals content management solution for media partners, as well as the MatchLocal platform, which offers Web-based, mobile, and digital marketing opportunities to local businesses.
Posted on Vator.tv