MediaMath secures $225m in funding from Searchlight Capital Partners

Adtech outfit MediaMath has secured $225m in private equity from investment firm SearchLight partners. 
The funding will be used to accelerate MediaMath's demand-side platform (DSP) and data management platform via "organic and inorganic" growth initiatives according to a statement from the company. 
SearchLight's cash injection brings the total amount raised by the company to $500m, with chief executive Joe Zawadzki telling the Wall Street Journal that the business would also use