PadSquad LLC announced it has received a significant growth investment from Star Mountain Capital, a specialized investment firm focused on providing debt and equity growth capital to lower middle-market businesses.
Led by Founder and CEO Daniel Meehan, PadSquad is a leading, technology-enabled mobile advertising firm that designs, develops and delivers high-impact, data-driven digital engagement solutions to drive commerce and brand engagement across the open web for top Fortune 1000 brands. Having experienced strong growth, PadSquad is partnering with Star Mountain Capital to further accelerate growth through selective strategic acquisitions and organically with investment in sales and technology.
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“We are thrilled to become investors supporting Dan and the PadSquad team,” said Bruce Eatroff, Managing Director of Star Mountain Capital. “We believe the Company’s measurable rich media solutions are ideally positioned to capture share as brands are constantly challenged to find new and more effective ways to engage with their customers. PadSquad has built an impressive business and we are excited about their growth prospects.”
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“After years of significantly growing our business and serving top brand marketers and agency partners, we now have a partner that can help us pursue additional technology and capabilities organically and through acquisition, in order to serve our clients more comprehensively,” Meehan said. “Bruce and his group at Star Mountain have been long-time investors in the advertising and marketing technology space and were the exact type of partner that we sought.”
Canaccord Genuity served as the exclusive financial advisor to PadSquad.
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