PebblePost Closes Series B Equity and Debt Totaling $47 Million 

Jul 25, 2017

PebblePost, the inventor of the Programmatic Direct Mail solution, announces that it has secured a total of $47 million in Series B round equity and debt funding. This sum includes a term loan facility with Horizon Technology Finance and secured credit facility with Silicon Valley Bank (SVB) that together will provide access to $27 million in funds in addition to $20 million in equity capital from institutional investors and industry angels. This completes the Series B funding led by RRE, which includes the previously announced $15 million closing. Cafferty & Company served as independent advisor to PebblePost on each of the term loan and secured credit facility transactions.

PebblePost plans to use these proceeds to enhance Customer Operations, expand its product and enter new markets, in addition to adding more world-class talent. The funds will also provide flexibility to its working capital as the company expands to enterprise brands across multiple vertical markets.