Shuttlerock Announces $7.5M Funding Round

Shuttlerock has today announced a $7.5M funding round in the form of a convertible note.

The participants in the note include Jasmine Holdings, GD1 and T Station.

As part of the round Sam Morgan joins the Shuttlerock board. Sam is a very well known investor and has been involved in some of New Zealand’s most successful tech companies including Trademe, Xero and Vend.

Chairman Paul Bingham said ‘We’re delighted to welcome Sam to the board. He’s a very highly respected investor and has helped scale some of NZ’s best technology companies. It’s perfect timing with Shuttlerock ready for its next big leap forward’

Shuttlerock intends using the funds to bolster its global presence and is committed to growth in its core markets of North America and Europe as well as the APAC region.

2019 saw the company grow it’s team from 53 to 135 globally and in the past year it opened offices in Paris, Austin, Chicago and London, joining Los Angeles, New York, Berlin, Singapore and Tokyo.

It’s also boosting its tech team primarily based in Nelson, New Zealand.

CEO Jonny Hendriksen, ‘We’ve worked hard to position Shuttlerock as a global leader in the mobile creative space and we’re poised for more growth in 2020. Mobile video channels continue to attract more eye balls and the challenge for advertisers to get it right has never been greater’

‘This latest round allows us to further invest in our unique platform and to grow our Nelson based tech team further. In addition we’re boosting our international market presence with additional resources in USA and Europe including a new office in London’