Adconion Media Group has received €23.8 million financing from growth capital specialist, Silicon Valley Bank, AltAssets reports. The venture-backed video content network company, which is backed by Wellington Partners and Index Ventures, is seeking to use the funding for acquisition and working capital requirements. Adconion’s previous acquisitions include Joost, production studio, KTV Digital Media and direct marketer, Frontline Direct, adds paidContent. California-based Silicon Valley Bank offers commercial banking services to emerging growth and mature companies in the technology, life science, private equity and premium wine industries.

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