AppNexus has announced it raised $60 million in equity at a valuation of $1.2 billion, with interest from other parties potentially adding another $40 million in funding. In addition to the financing, AppNexus also increased its debt facility to $75 million, extendable to $100 million, led and syndicated through Silicon Valley Bank. AppNexus plans to use the new capital raised to expand globally, adding hundreds of additional jobs by 2016.
The company provides a programmatic platform for the purchase and sale of media, powering marketplaces for online advertising. Founded in 2007, AppNexus transacted more than $1 billion in ad spend on its platform in 2013 and expects that number to double this year. It has also now raised over $200 million in equity funding to date; in January 2013, the company raised $75 million in Series D financing at an enterprise valuation of over $625 million. Investors in the company include First Round Capital, Khosla Ventures, Tribeca Venture Partners and Venrock, among others.