News Summary

Montréal-based adtech company Optable has raised $28.8 million CAD in a Series A extension round led by Telus Global Ventures, with participation from previous investors such as Hearst Ventures, Brightspark Ventures, Desjardins Capital, Deloitte Ventures, and AsterX. This funding includes $6 million USD in venture debt and aims to support Optable’s expansion in the United States. Founded in 2020 by Yves Poiré, Vlad Stesin, and Bosko Milekic, Optable specializes in data clean rooms that allow advertisers to anonymize and aggregate user data to analyze advertising campaign performance. The company has previously raised $26 million CAD in a Series A round in 2023 and a $4.3-million CAD seed round in 2021. Optable plans to focus on innovative publishers and media companies to make data more actionable and impactful.