Adtech firm MNTN raises $119 million in BlackRock, Fidelity-led round

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid

(Reuters) - MNTN, an adtech company specializing in Connected TV (CTV), has raised $119 million in a funding round co-led by asset manager BlackRock and Fidelity management and research.

The company, whose existing investors include Baroda Ventures, Greycroft Partners and Qualcomm ventures, did not disclose the valuation it fetched in the round on Tuesday.