Innovid/ION pick up additional $50m in funding - NewsBreak

Innovid, an independent connected TV (CTV) advertising delivery and measurement platform, and ION Acquisition, a special purpose acquisition company, have announced an additional $50 million (€42.9m) private placement of common stock (PIPE) from a group of existing PIPE investors adding to initial commitments on the same terms as the initial PIPE financing in their business combination transaction announced in June. This brings the aggregate amount of PIPE commitments to $200 million.