Breef, a New York City, NY and Aspen, CO-based online agency marketplace, raised $16M in funding.
The round, which brought total investment to date to $21M, was led by Greycroft, with participation from BDMI Touch Ventures, UTA.VC, The House Fund, Rackhouse Ventures and Burst Capital.
The company intends to use the funds to evolve the product offering, grow its global team, announcing its first international bases in the UK and Australia, invest further in its industry-first payment infrastructure, BreefPay, and expand upon partnerships with brands like spend automation platform Ramp, venue rental marketplace Peerspace, and small business marketplace Newity.
Founded in 2019 by Emily Bibb and George Raptis, Breef provides a technology platform that streamlines the agency outsourcing process and facilitate projects. It allows companies to create a project or access support from a Breef Marketing Strategist, and receive pitches from vetted agencies within seven days. The proprietary system allows brands to manage and service all agency projects, pitches and payments, facilitating efficiencies within today’s distributed workforce.
The platform hosts more than 10,000 agencies, across 25 countries, and has now passed $100 million in project value created on the platform. Established companies like Pantone, Spotify, and Heineken, as well as emerging brands such as Byte and beverage company Flying Embers, use Breef to find the best agencies for over 50 project types. This includes everything from branding to website development, digital marketing, content creation and more.
FinSMEs
07/02/2023