- The financing will be used to accelerate Atmosphere’s growth
- New round follows an $80 million Series C completed in December 2021
- Atmosphere also announced promotion of Blake Sabatinelli to CEO
Austin, Texas-based Atmosphere, a streaming TV platform for businesses, has raised $65 million in Series D funding. Sageview Capital, Valor Equity Partners and S3 Ventures led the round.
The financing will be used to accelerate Atmosphere’s growth. This newest round follows an $80 million Series C financing completed in December 2021.
“The way customers consume TV in businesses has always been broken. The paradigms of television have been in flux for years and we saw the opportunity to create TV content and advertising specifically for businesses,” John Resig, co-founder and president of Atmosphere, said in a statement. “Atmosphere is the perfect solution for advertisers who are looking to get in front of an increasingly unreachable TV audience.”
In conjunction with the funding, Blake Sabatinelli has been promoted to CEO of Atmosphere, effective immediately. Sabatinelli joined Atmosphere as chief operating officer in February 2021. Prior to Atmosphere, he served as CEO of Newsy (currently known as Scripps News) from 2018 through 2021.