Ad-tech powerhouse AppNexus has raised an approximately $60 million dollar Series E investment round, allowing it to postpone going public as ad-tech stocks get pummeled.
The round, announced Monday, brings the company's total funding to $200 million and values it at $1.2 billion dollars. Another $40 million dollars may be on the way, the company said.
Markets have been unforgiving to ad-tech companies this year. YuMe, Tremor Video, RocketFuel and Millennial Media are each down at least 35% on the year. Recently public Rubicon is trading below its IPO price. And TubeMogul, which sought $93 million dollars in its IPO last month, walked away with only $44 million.
AppNexus CEO Brian O'Kelley said the market did not factor into the company's decision to raise its most recent round of funding.