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.