DeepReach to raise €8.2 million

DeepReach, a Paris, France-based SAAS developer for media and advertising agenices, announced that it secured a €8.2 million ($9.7M) series A funding round

The name of the investors were not disclosed. The company said that the fundraising will be used to accelerate the development of its technology and continue its expansion in Europe, particularly in Germany and the United Kingdom.

DeepReach, founded in 2017 by CEO Jean-Pierre Remy, built a software solution for media agencies and advertisers. The tool can be used for local marketing insights, campaign definition, cross-media advertising and reporting and has more than 120 client agencies and 12,000 advertisers.