Vengo has raised significant capital across multiple funding rounds, with backing from investors such as Moderne Ventures and Gary Vaynerchuk. The platform has grown into a leading solution for digital out-of-home (DOOH) advertising, connecting screens to programmatic channels and providing seamless media buying and selling tools.
What Is Vengo and What Does It Do?
Vengo, founded in 2012 by Abuhena Azad, Brian Shimmerlik, and Steven Bofill, is a DOOH technology company headquartered in Long Island City, New York. The platform enables advertisers to programmatically access over 53,000 screens while helping screen owners monetize inventory efficiently.
With a team of 11–50 employees, Vengo combines interactive digital signage with point-of-purchase engagement, delivering real-time performance insights and streamlined campaign management for brands.
How Much Funding Has Vengo Raised?
- Seed Round
- Amount Raised: $1M
- Date: February 2013
- Motivation: To kickstart operations and develop the initial technology platform.
- Series A
- Amount Raised: $2M
- Date: April 2014
- Lead Investors: SeedInvest
- Motivation: To expand product offerings and broaden market reach.
- Series A Expansion
- Amount Raised: $2M
- Date: October 2015
- Motivation: To enhance technology and scale operations.
- Debt Financing
- Amount Raised: $2M
- Date: March 2016
- Motivation: To support operational costs and growth initiatives.
- Series A Follow-up
- Amount Raised: Not disclosed
- Date: September 2016
- Motivation: To expand market presence.
- Series B
- Amount Raised: $7M
- Date: January 2019
- Motivation: To accelerate growth and improve technological capabilities.
- Venture Round
- Amount Raised: Not disclosed
- Date: September 2021
- Lead Investors: Moderne Ventures, Gary Vaynerchuk
- Motivation: To scale the business and enter new markets.
Total Funding Raised: $14 Million
Latest Funding Date: September 1, 2021
Key Investors
- Moderne Ventures
- Details: Venture capital firm focused on technology-driven companies.
- Investment Focus Areas: Technology, real estate, finance, insurance, and home services.
- Notable Investments: Vengo, other tech startups.
- Gary Vaynerchuk
- Details: Entrepreneur and digital marketing expert.
- Investment Focus Areas: Technology, marketing, media ventures.
- Notable Investments: Vengo, other tech startups.
Where Is Vengo’s Headquarters?
Vengo is headquartered in Long Island City, New York, a hub for digital media, advertising, and technology. The location supports the company’s operations, partnerships with retail locations, and network expansion.
What’s Next for Vengo?
Vengo is positioned to grow in the DOOH and programmatic advertising market, expanding its screen network and integrating advanced analytics for advertisers. Future opportunities include entering new retail verticals, scaling internationally, and leveraging additional Funding to enhance technology infrastructure.
Challenges include managing a rapidly growing network, maintaining platform performance, and competing with other programmatic advertising solutions. With strong investor support and a clear growth strategy, Vengo is well-positioned to solidify its leadership in the digital out-of-home sector.
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