Beeyond Media this week announced the close of a $10M Seed round led by Ricardo Uribe of RAU Capital and Beeyond Media board member.
We are told that this latest funding will be used to scale the Beeyond business in the United States and Latin America and help Beeyond Media expand their vast connected inventory in other markets throughout 2024. This latest round of funding brings total dollars raised to $12.5M.
Alejandro Donzis, CEO and co-founder of Beeyond Media said “As the DOOH industry grows and we continue to expand our business, the ongoing support from our investors is increasingly valuable,” said The opportunity in digital advertising is massive and Beeyond is demonstrating to the industry that there is a superior way to manage DOOH campaigns, and our growing partnerships and client base serve as proof of our success. Together, we are advancing towards a future where we redefine excellence in the industry.”
Beeyond Media says it has an inventory of over 600,000 devices and screens including billboards, street furniture, airport media and more, spanning across 17 countries.
Ricardo Uribe said “Beeyond Media has exceeded expectations over the last year. We believe the company is strategically positioned to stand out as a provider of a highly valuable global solution in an industry growing at double-digit rates year over year
Beeyond Media was founded in 2019 by CEO Alejandro Donzis in an effort to bring transparency, efficiency and innovation to the classic advertising channel. After consolidating operations throughout Latin America, the DOOH company expanded into the U.S. and Canada in 2022 where they saw large opportunities for growth. This year, DOOH is projected to grow, capturing 37.2% of all OOH revenue. With access to over 600,000 devices throughout the Americas, Beeyond Media continues to usher DOOH advertising into the future and help brands like Chanel, L’oreal, American Express, and Heineken inspire people wherever they go.