Torch Partners has acted as the exclusive financial adviser to Jelli, Inc. on its sale to iHeartMedia, Inc.
Founded by veteran Amazon and Microsoft executives and based in San Mateo, California, Jelli is the largest technology platform for the $40 billion global radio market. Jelli offers a cloud-based ad platform that enables advertisers and publishers to buy and sell audio advertising programmatically. Its patented technology is used by some of the largest broadcasters and advertisers in the audio marketplace, reaching hundreds of millions of listeners monthly and serving billions of ad impressions per year. Investors included Relay Ventures, Intel Capital, First Round Capital, iHeartMedia and Universal Music Group.
iHeartMedia is the largest audio company in the United States with 243 million monthly listeners and serving 150 cities through 850 owned radio stations in the U.S., as well as more than 140 stations in New Zealand and Australia.URL: Acquirer:
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