Startup City Magazine

Bizo Raises $22 Million

Bizo is a startup that helps advertisers gather a large group of customers in business; stated that it has raised $22 million in its total revenue in the year 2012 and the annual revenue is estimated to be $30 million, as reported by Antony Ha of Tech Crunch.

Established in the year 2009, the company raised a total of $20 million from Bessemer Venture Partners, Venrock, Crosslink Capital, and others. They offer ad targeting and analyzing of data, which involves both display and direct response advertising.

Adding to the above success, the company is working with a total of 600 brands which includes 50 top notch companies in the list mentioned above.

The advertisers for the company include General Electric, Nissan, Virgin America, Box, Wells Fargo, and eBay. The present headcount of the company is 8o, saying that the company has grown by nearly 70 percent.

“We plan to keep our foot on the gas in 2013. We have aggressive hiring plans and major product innovations coming down the pike, as we weave Bizo’s audience data even more tightly into the B2B marketing stack.” CEO Russell Glass said in a press release, as reported by Techcrunch.

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