Audio-Out-of-Home Vibenomics raises $12.3 million in new funding

Vibenomics this week raised $12.3 million in Series B funding. Vibenomics delivers music, messaging and programmatic audio ads: Audio-Out-of-Home (AOOH).

Vibenomics says it will use the funds to support the launch of additional national networks in grocery stores, pharmacies, and convenience stores. In the coming months, Vibenomics has a line of sight to expand to over 20,000 locations by the end of 2023.

“This funding validates our investors’ belief in the future of Vibenomics and what we’re building,” said Brent Oakley, CEO of Vibenomics. “AOOH’s value, impact and ability to scale allows retailers to provide a positive, in-store customer experience. We’re anticipating another record-breaking year in 2022 and these funds will enable us to continue innovating and accelerating product developments, building on our momentum.”

Vibenomics has nearly 40 employees, about 90% of whom live in the Indianapolis area and 10% work remotely. The company expects to increase its workforce by 25%, specifically in its sales and marketing departments, by the end of 2022.