RealTime IT News

HyperBanner Wins $4 Million in Equity Financing

Cupertino, CA-based banner exchange HyperBanner said it has secured $4 million in equity financing from investment banking firm Hambrecht & Quist.

The funds will go toward the rollout of a major marketing and sales initiative in the U.S. and worldwide, the company said.

"HyperBanner is moving at Internet speed," said Amir Faintuch, CEO of HyperBanner. "The Hambrecht & Quist investment is an affirmation of the company's long-run vision and direction. Our U.S. expansion plans are occurring rapidly with our recent relocation (from Israel), our recruitment of a top-level executive team and the development of a brand marketing campaign. With the Hambrecht & Quist funding, we can accelerate customer acquisition, while increasing reach and revenue to rapidly penetrate the global market."

HyperBanner offers a suite of tools that enables small businesses to successfully promote themselves, develop banners, enhance site content and increase their Web site traffic.

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