Kiosked has announced that it has closed a $30 million series B funding round which will be used to further accelerate its development, sales and support functions across the US, Europe and APAC.
The company’s all-in-one platform automates the delivery of high-performance, in-view, standard native ads at scale. It’s the first all-in-one platform to market, according to the company, and Kiosked is calling this Advertising Automation.
The financing round is led by several major institutional investors, including the European Investment Bank.
As one of the fastest growing companies in Northern Europe, Kiosked will use the funding to both support the expansion of its global team and to review complementary technologies. Kiosked is already in use by 1,000+ premium publishers across the globe, including among others The Daily Mail, IDG, Answers.com, Perez Hilton.
The timing of the funding news coincides with the opening of its New York City office headquarters in Times Square and the appointment of several US industry veterans, hailing from Major League Gaming, SpotX, Optimatic Media and IDG, to name a few. These include Larry Harris, former CMO at Pubmatic, Larry Shender, the first employee at Tremor Video and former Director of Video and Mobile at Turn, and Jason Fulmines, who previously led mobile ad products at Gannett across its 100+ publishing and broadcasting mediums such as USAToday.
“Digital advertising is growing rapidly across the globe while simultaneously bringing to bear major challenges,” said Antti Pasila, CCO and founder of Kiosked.
“Performance is low, fraud is rife and intrusive ads are commonplace. Today’s funding will enable us to scale more quickly as we make the online advertising ecosystem a more understandable and positive experience for publishers, advertisers and viewers alike.”