As Facebook Ad Spending Explodes, New York’s Buddy Media Scores Another $23 Million

buddy holly As Facebook Ad Spending Explodes, New Yorks Buddy Media Scores Another $23 MillionFrom Mcdonalds to Microsoft, big brands have been ramping up their advertising on Facebook this year. But apparently many of them still need a little help.

That’s where NYC’s Buddy Media comes in. It helps brands and marketing agencies manage their advertising campaigns on Facebook.

Buddy Media just announced that it had raised another $23 million, more than double the $10 million it has raised so far.

CEO and founder Michael Lazerow says that the company has tripled it clientele from 100 to 300, is set to do more than $20 million in sales this year and is already profitable.

It’s still a private company and any big talk of profitablity pre-IPO needs to be taken with a grain of salt.

Still, with clients like Budweiser, NHL and the Dallas Cowboys, it’s clear Buddy Media is breaking into the big leagues in a rapidly expanding field.

Article continues below
More from Politics
BERLIN, GERMANY - DECEMBER 07:  A protester holds a placard showing a portrait of Russian President Vladimir Putin altered to look like Adolph Hitler during a demostration to  demand an end to Russian aerial bombing of the Syrian city of Aleppo in front of the Russian Embassy on December 7, 2016 in Berlin, Germany. The Russian military is supporting Syrian government military forces fighting rebels in Aleppo with aerials bombardments that, according to independent observers, has resulted in the heavy loss of civilian lives.
Putin’s Balkan Terror Plot Exposed