Menlo Park, CA - June 25, 2013 - - Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $1 million debt facility to new client Tubular Labs, a software company based in Sunnyvale, California. Proceeds for the loan will go towards future growth and expansion of the company.
Tubular Labs currently is in beta testing with its Audience Development Platform, which gives YouTube users the opportunity to discover, interact with and attract new audience members for their online videos. The platform takes audience profiles to another level, moving well past age and gender demographics. It better connects users with their audience, enabling audience interaction and engagement.
Tim McDonough, vice president in Square 1 Bank’s technology group, commented, “It is exciting to work with companies like Tubular Labs. Their outstanding team and promising technologies set them apart and we look forward to expanding our relationship as the company grows.”
“We chose Square 1 because of their sterling reputation of working hard for their clients,” said Rob Gabel, founder and CEO of Tubular Labs. “They are true business partners who created flexible debt financing solutions that fit our needs, instead of signing us up for an off-the-shelf product.”
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients’ needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.
About Tubular Labs
Tubular (www.tubularlabs.com) is the first real-time Audience Development Platform that empowers creators, media companies and brands to better understand, engage, and grow their YouTube audience. Powered by their patent-pending AudienceGraph, Tubular enables entirely new ways to measure, analyze, and gain a complete understanding of audience demographics, preferences, viewing habits, and consumer behavior. The company has raised $3.1M in angel and Series A rounds from FirstMark Capital, High Line Venture Partners, SVAngel, Lerer Ventures, and Bedrocket Media Ventures as well as individuals from tech, entertainment, and advertising industries.
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