Ad Tech Firms Find Venture Capital Funding Is Running Dry

Executives in the advertising technology sector and venture capitalists who are versed in the space say the climate for fundraising has shifted from one where dollars were flowing freely to one where getting additional funding is getting tough.

“It’s almost evaporated,” said Venky Ganesan, managing director at Menlo Partners. “These companies are struggling to even get meetings.”

Mark Patricof, chief executive and co-founder at the venture firm Mesa Group, said he’s been turning down ad tech firms looking for capital “on a regular basis.”

via Ad Tech Firms Find Venture Capital Funding Is Running Dry – CMO Today – WSJ.

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