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Snap Acquires Placed for Undisclosed Sum

Snap Acquires Location Intelligence Company Placed for Undisclosed Sum

Placed announced today that it has been acquired by Snap, Inc., Silicon Valley’s red hot social media unicorn, which went public in March, 2017. Financial terms of the deal were not disclosed.

Placed is a leader in location-driven insights and mobile ad intelligence. Measuring billions of locations across the world’s largest opt-in mobile location panel, Placed provides an  understanding of consumers’ offline behaviors. Connecting the physical and digital worlds, Placed gives brands, agencies, publishers, and ad networks the ability to target locations at scale, measure the offline impact of mobile ads, and deliver actionable insights into consumer behavior.

Founded in January 2011, Placed is headquartered in Seattle and has previously raised more than $13 million from such investors as Madrona Venture Group and Two Sigma Ventures.