Q1Media Gets $8M In Funding

Austin-based online advertising technology developer Q1Media announced this morning that it has raised $8M in a debt financing round, to help expand its operations. According to Q1Media, the funding came from Silicon Valley Bank, and Partners for Growth. SVB provided $5M in senior debt, and Partners for Growth provided $3M in a junior debt facility to the company. Q1Media, which is led by Phil Banfield, helps web publishers by maximizing their display and video advertising; the company says it has over 1500 web publishers using its products.