Innovid, whose iRoll interactive pre-roll ad unit delivers a higher ROI for advertisers and publishers, is announcing a $9.5 million Series B financing led by Sequoia Capital, with participation from current investors Genesis Capital and T-Venture. The new funds will help fuel global expansion. Innovid is Sequoia's first investment in the video advertising space. Innovid raised a $4 million first round in September, 2010.
Innovid is now integrated with every U.S. video ad network and 2,100 sites are iRoll certified. iRoll allows advertisers to reach viewers with a limitless array of engagement opportunities, far beyond what standard pre-rolls can offer (a gallery of examples is here). These can include social media sharing, shopping opportunities and localized information, among others. Innovid has also introduced DYNAMO, an ad serving and analytics platform that works with all pre-roll ads and can also measure and report all interactions with iRoll ads.
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