What is Altitude Digital?
Altitude Digital operates within the Advertising & Marketing industry, employing between 10 to 19 individuals and generating revenue in the range of $5 million to $10 million. Headquartered in Austin, Texas, the company is positioned to leverage its market presence and operational scale. Its funding history, spanning from 2011 to 2016, indicates a period of sustained growth and strategic financial maneuvering, including private equity rounds and debt financing.
How much funding has Altitude Digital raised?
Altitude Digital has raised a total of $61M across 5 funding rounds:
Private Equity
$1.5M
Unspecified
$5M
Debt
$7M
Private Equity
$30M
Private Equity
$17.5M
Private Equity (2011): $1.5M with participation from Cypress Growth Capital,LLC
Unspecified (2013): $5M led by Mercato Partners and Silicon Valley Bank
Debt (2014): $7M supported by Silicon Valley Bank
Private Equity (2015): $30M featuring FastPay Partners LLC
Private Equity (2016): $17.5M backed by Bridge Bank and Multiplier Capital
Key Investors in Altitude Digital
Mercato Partners
Mercato Partners Acquisition Corporation focuses on effecting business combinations, particularly within the technology or branded consumer products sectors. It was incorporated in 2021 and is based in Cottonwood Heights, Utah.
Silicon Valley Bank
SVB Financial Group provides a comprehensive suite of financial services including commercial and private banking, asset management, and investment services. Founded in 1983, it is headquartered in Santa Clara, California.
Cypress Growth Capital,LLC
Cypress Growth Capital specializes in royalty-based funding, offering flexible, non-dilutive growth capital for emerging companies, particularly in SaaS and tech-enabled services. They have supported U.S. entrepreneurs since 2010, focusing on enhancing enterprise value.
What's next for Altitude Digital?
The recent strategic investment in Altitude Digital signals a pivotal moment for the company, likely enabling expansion of its service offerings, market penetration, or technological advancements. Given the enterprise-level context of its funding, Altitude Digital is poised for significant scaling. Future developments may involve further strategic partnerships, acquisitions, or a deepening of its existing market position within the competitive Advertising & Marketing landscape. The company's ability to attract substantial backing suggests strong investor confidence in its business model and future prospects.
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