Seedtag, a Madrid, Spain-based leader in contextual advertising in EMEA and LATAM, secured $40 million in Series B funding.
Led by Oakley Capital, Adara Ventures and All Iron Ventures also participated in the round.
The company intends to use the funds to expand into the US market and continue investing in its contextual AI technology.
Company: SEEDTAG ADVERTISING, S.L.
Raised: $40.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Oakley Capital
Additional Investors: Adara Ventures and All Iron Ventures
Company Website: https://seedtag.com/
Software Category: Contextual advertising solutions > AI
About the Company: Seedtag offers a suite of contextual advertising solutions based on Machine Learning and Artificial Intelligences to global brands. Its contextual AI delivers highly engaging solutions integrated within the content to power effective communications for brands in a privacy-first world. Seedtag achieved significant growth in 2020 following further development and improvement of product capabilities. The organization produced organic year-on-year growth of 25% even under COVID-19 impact, reaching revenues of $50m in 2020, and with a further 60% growth forecast for 2021 ($80 million).
Source: https://www.prnewswire.com/news-releases/seedtag-raises-40m-in-series-b-funding-led-by-oakley-capital-for-us-expansion-301375399.html