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MediaJel Closes $2.5M Series Seed Round Led by Merida Capital PartnersWALNUT CREEK, Calif., June 18, 2019 /PRNewswire/ -- MediaJel™, a leading data-driven advertising technology company, today announced that it has closed on a $2.5 million Seed Round of financing led by Merida Capital Partners. The funding will allow the company to expand on its robust sales and marketing capabilities while accelerating artificial intelligence product development. The investment brings MediaJel's total funding to $3.0 million. As part of Merida's investment, Merida Operating Partner and Omnicom Chairman Emeritus, Thomas Harrison, has joined the MediaJel Board. "We are on a rapid trajectory directly in line with the burgeoning cannabis space," said Aaron Silverman, President and co-founder of MediaJel. "MediaJel is strategically building out our team of marketing, advertising, technology, sales and public relations experts. We have a deep understanding of the cannabis ecosystem and continue to rapidly achieve internal benchmarks as well as meet and surpass our clients' expectations." The company is headquartered in the Bay Area and expanded into Denver, CO in January 2019. East Coast offices are expected to open this summer. "MediaJel's services and market position are tactically positioned to take advantage of the increasing demand for strategic advertising and marketing solutions required by rising brands in the Cannabis and CBD industries," said Jeff Monat, Senior Partner of Merida Capital Partners. "We believe the marketplace will continue to see a maturation of brand awareness which will drive budgets for data-driven advertising as brands progressively scale." MediaJel offers proprietary technology, analytics and acute targeting, combined with the distinctive ability to reach key consumers in mainstream publications. "With the genesis of geospatial intelligence, advanced retargeting and AI integration into advertising, the marketing landscape has completely shifted," said Jake Litke, CEO and co-founder of MediaJel. "Our clients look to us for comprehensive campaign integration to strengthen their brand, create positive consumer experience and leave an indelible mark on the industry." About Merida Capital Partners About MediaJel Contact: View original content to download multimedia:http://www.prnewswire.com/news-releases/mediajel-closes-2-5m-series-seed-round-led-by-merida-capital-partners-300869705.html SOURCE MediaJel |