Centro raises $30 million for acquisitions, software development

"Centro, a Chicago-based digital advertising and media management software developer, announced Wednesday it had raised a $30 million Series B funding round from New York-based Neuberger Berman Private Equity Funds.

The company, founded in 2001 by Shawn Riegsecker, builds media management software to make digital advertising easier for more than 2,500 customers. Five years ago, Centro raised $22.5 million in Series A funding from San Francisco-based growth equity investment firm FTV Capital."

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