ORIX USA’s Growth Capital business participated in a $52 million financing for Kevel, a leading commerce media infrastructure platform. The investment will support Kevel’s continued growth, product innovation and expansion as retailers, marketplaces and commerce platforms increasingly seek scalable solutions to build and operate media networks.
“Kevel has built an impressive, highly differentiated platform that enables customers to rapidly launch and scale retail media businesses tailored to their unique brands and audiences,” said Blake Zhang, Managing Director in ORIX USA’s Growth Capital business.
The financing includes participation from existing investors Fulcrum Equity Partners, dunnhumby Ventures LLC and Iberis Capital, along with additional growth capital from ORIX USA.