ConsoliAds Closes Investment Deal Worth $1m For Further Expanding Globally
ConsoliAds – an insightful platform for digital advertisement optimisation – has recently announced closing $1 million investment deal led by 47 Ventures Investments – an international venture capital fund with a focus on Pakistan.
The rapidly growing mobile and digital advertisement mediation platform of ConsoliAds has already adjudicated billions of ad impressions in the last quarter for ensuring enhanced revenues for APAC region publishers and offering a more effectual promotion platform to the mobile app developers, and the developers of digital content and games in the region.
The new venture will allow the company for further strengthening its leadership position in the market of APAC. Also, it will allow ConsoliAds to get expanded into the other regions. The capital that is spent on its internal research and development will also increase to augment its automated technology of advertisement by using machine learning.
ConsoliAds (Pte) Limited is an online platform for ad mediation as well as digital content promotion. This service provider is headquartered in Singapore with its development operations in Pakistan. ConsoliAds has its regional offices in UAE, Dubai as well.
On the other hand, 47 Ventures Investments is a leading global venture capital fund. Primarily, it invests in the projects that are Pakistan based or are high growth Pakistan origin potential businesses. These projects are supposed to leverage the technology for speedy scaling. ConsoliAds is the 5th investment of the 47 Ventures’ fund in the region.