Turn Raises $80 Million in Funding Round Led by BlackRock
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Turn Inc., whose software helps companies plan digital and mobile advertising campaigns, raised $80 million in a funding round led by BlackRock Inc., the world’s largest asset manager.
The new investment brings the company’s total fundraising to $135 million, Chief Executive Officer Bill Demas said in a telephone interview. The company, based in Redwood City, California, ended 2013 with positive earnings before interest, depreciation and amortization for a third straight year, while staff grew to 350 employees, he said.