AdTonos, which successfully monetises gaming, podcasts, audiobooks, music and radio streams for over 1000 recognised publishers across the UK, EU, LATAM and the US, has closed a seed funding round of $2 million, which is slightly more than the company’s monthly sales, from BlackSheep Fund and ProtosNext, among other investors.
This financing is a mid-step for a planned Series A round by late 2023. Current company plans include further development of their platform including new products for podcast and mobile games monetisation.
AdTonos also intends to improve its presence in existing markets, and expand into new geographic markets, including the US and more countries within the EU and APAC.
This article featured in Private Equity Wire.