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New Deal


Announced

Completed

BlackRock and Fidelity led a $119m Series D financing round in MNTN.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Single Bidder

Private

Minority

Software

United States

Venture Capital

Completed

Domestic

Friendly

AdTech

Acquisition

Synopsis

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BlackRock, an American global investment management corporation, and Fidelity, an American multinational financial services corporation, led a $119m Series D financing round in MNTN, an adtech company specializing in Connected TV with participation from Baroda Ventures, Greycroft Partners, Mercato Partners, Qualcomm, and Rincon Venture Partners. “MNTN’s mission is to bring unrivaled simplicity and performance to TV advertising. We are so proud to add BlackRock and Fidelity as partners in this pursuit. You could not ask for a bigger vote of confidence than to have two of the world’s largest investors back you in such a big way. And we’re just warming up,” Mark Douglas, MNTN CEO.

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