Bizo, a provider of business audience marketing technology, has raised $12.5 million in venture debt financing from City National Bank. This round of funding puts Bizo at approximately $30 million in total equity and debt capital. Bizo plans to use the funding to continue its expansion, further build out its technology platform and make strategic investments, according to company officials.
According to Russell Glass, CEO of Bizo, the financing ensures the company is “well capitalized to maintain its leadership position in the B2B online marketing space and is well-positioned to make strategic investments as we continue to build a thriving business.”
Bizo currently works with more than 750 SMB marketers and enterprise brands including American Express, AT&T, Box and Salesforce.com, and has partnerships with more than 4,200 publishers. In addition, the company recently launched Bizo Data Solutions to help B2B companies to better understand and more efficiently engage target audiences across their entire marketing funnel.