iHeartMedia to acquire Relay Ventures-backed Jelli
San Antonio, Texas-based audio company iHeartMedia has agreed to acquire Jelli Inc, a San Mateo, California-based cloud advertising platform for the global radio market. No financial terms were released. IHeartMedia said the deal will allow it to leverage Jelli’s assets to create for brands a digital-compatible buying platform for broadcast radio. Founded in 2008, Jelli raised more than US$40 million in financing, according to Crunchbase. Its investors include Canadian mobile venture capital firm Relay Ventures.
21 November 2018•5 mins read
