12/03/2014Press Release

SEATTLE, Dec. 3, 2014 (GLOBE NEWSWIRE) -- Blab is a breakthrough for brands in powering real-time and adaptive content strategy and digital media buying activities. Today the company announced $8.8 million as an initial closing of an $11.6 million Series B Preferred equity financing, co-led by China-based Blue Focus Communications Group Co. LTD (300058: Shenzhen) and Shoreline Venture Management. Operative Capital also participated in the round. Blue Focus and Shoreline Venture Management will both join the Blab Board of Directors. Funding will be used to accelerate product development and sales and marketing initiatives.

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