The corporate venturing unit of Anglo-Dutch media company Reed Elsevier has reportedly helped UK-based advertising company Struq raise $8.5m.
Reed Elsevier Ventures was joined in the round by US-based bank Allen & Co and venture firm Pentech Ventures, according to news provider TechCrunch on Thursday, in an article linked to by Reed Elsevier Ventures’ website.
Struq was founded in 2008.