Kevel raises $52M in largest funding round to date from Fulcrum Equity Partners, dunnhumby Ventures, Iberis Capital and ORIX USA for AI-driven commerce media infrastructure.
Amount Raised
$52 Million
Round Type
Venture
DurhamAdvertisingMarketingSoftware DevelopmentInvestors
Description
Kevel, an API-first ad tech infrastructure provider for commerce media networks, has announced $52 million in new funding, marking its largest capital raise to date. The round includes expanded investments from Fulcrum Equity Partners, dunnhumby Ventures, and Iberis Capital, plus growth capital from ORIX USA. The company powers over 100 commerce media networks including Tesco, Dollar General Media Networks, and Home Depot's Orange Apron Media. The funding will support global expansion, AI transparency initiatives, and deeper strategic advisory services for retailer-owned media ecosystems.
Quick answer
Kevel raised $52 Million in a funding round, dated October 22, 2026. Investors: Orix USA, Iberis Capital, Dunnhumby Ventures and Fulcrum Equity Partners. Kevel is based in Durham, North Carolina, United States.
- How much did Kevel raise?
- Kevel raised $52 Million in a funding round on October 22, 2026.
- Who invested in Kevel?
- Orix USA, Iberis Capital, Dunnhumby Ventures and Fulcrum Equity Partners are named as investors in this round.
- What does Kevel do?
- Kevel is an API-led ad serving company focusing on retail media with innovative solutions for advertisers and retailers.
- Where is Kevel based and how big is it?
- Kevel is based in Durham, North Carolina, United States. Fundz records about 178 employees.
- Who are the decision-makers at Kevel?
- Fundz holds 5 contacts at Kevel, including the Head of Retail Media, Southern Europe and Latam. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Advertising and Marketing around the same time
Companies in the same sectors as Kevel that raised within 45 days of this round, from Fundz verified event records.
- Tano raised $4M (Seed) on November 11, 2026.
- AdOasis raised $2.9M (Pre-Series A) on November 9, 2026.
- Soofa raised an undisclosed amount (Corporate Round) on November 9, 2026.
- Shinka raised $2.1M (Seed) on November 5, 2026.
- Kanahoma raised an undisclosed amount on October 28, 2026.
- Cuttable Operations Pty Ltd raised $14M (Series A) on October 23, 2026.
Who to call at Kevel, and when
A new round usually means Kevel is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Kevel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Kevel, from your own LinkedIn network
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Related People
Kevel raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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