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Earlier this month, the adtech firm Kevel announced that it had raised $23 million in a Series C round of funding to help retailers set up and run advertising businesses. Fourteen-year-old Kevel, formerly known as Adzerk, sells software that brands, including Klarna and Delivery Hero, pay a monthly fee for to manage advertising businesses on e-commerce websites. Kevel's products help retailers sell search ads on e-commerce websites, provide an ad server to manage and place ads, and give access to an audience tool that collects retailers' first-party data. Kevel competes with a growing number of adtech firms that help retailers stand up ad businesses, like Criteo, Epsilon, and Microsoft. Kevel doesn't sell ads, which Avery said the firm benefits from as more retailers like Target's Roundel take their ad businesses in-house.
Persons: Kevel, James Avery, Puja Rios, , Avery, Morgan Stanley Organizations: Business, Walmart, Epsilon, Microsoft, Interactive, Fulcrum, Partners, Godwin Capital Group, Iberis, Dunnhumby Ventures, Commerce Ventures
StudentFinance has secured $41 million in debt and equity funding, with backing from Tom Blomfield. Check out the 18-slide pitch deck StudentFinance used to raise the fresh funds. A startup that aims to facilitate career mobility for people who want to upskill or switch jobs has just raised $41 million in debt and equity financing. Amid a tougher funding environment, the startup secured a $41 million Series A in debt and equity funding, bringing its total funds raised to $47.5 million. With the fresh funds, StudentFinance will ensure it has a sustained runway as it expands into new geographical markets.
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