Kiosked raises USD 30 million in funding to drive global growth
Finnish advertising automation platform company Kiosked has gathered 30 million US dollars in Series B funding. The financing round is led by several major institutional investors, including the European Investment Bank.
The company will use the funding to further accelerate its development, sales and support functions across the US, Europe and APAC to cater to international demand. Kiosked plans to expand its global team and to review complementary technologies. The timing of the funding news coincides with the opening of the company’s New York office headquarters in Times Square.
“Digital advertising is growing rapidly across the globe while simultaneously bringing to bear major challenges: 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,” says Antti Pasila, CCO and founder of Kiosked.
At the moment Kiosked is in use by over 1 000 publishers worldwide, including The Daily Mail, IDG, Answers.com and Perez Hilton. Adverts served over their platform reach more than 280 million consumers monthly in over 200 countries.
Headquartered and founded in Helsinki, Finland, the company currently has over 70 employees in international offices in London, Dublin, New York, Los Angeles, Tokyo, Sydney, Singapore and Shenzhen.
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