Altitude Digital Finds $7M

Denver-based Altitude Digital, the developer of video and display advertising technology led by Jeremy Ostermiller, has raised $7M in a credit facility, the company said Monday, from Silicon Valley Bank. Terms of the debt funding were not announced. Altitude is venture backed by Mercato Partners. The company said the funding will go towards nearly doubling its workforce and for other growth efforts. Altitude Digital operates an online display, video, and mobile advertising marketplace.