2 min read
A digital advertisement optimization platform called ConsoliAds has announced that it has closed $1 million Series A investment deal led by 47 Ventures Investments. 47 Ventures Investment is a Pakistan focused, international venture capital fund.
This digital and mobile ad mediation platform is growing rapidly and has already arbitrated billions of ad impressions last quarter to ensure improved revenues for APAC region publishers. It also offers a more efficient promotion platform to the developers of mobile applications, games and digital content in the region.
Through this fresh investment, ConsoliAds will be able to expand its operations globally and will also strengthen its leadership position in the APAC market. The investment will also help the platform to increase capital spending on its internal R&D for augmenting its automated ad mediation technology through the use of machine learning.
Asad Mahmood, the CEO ConsoliAds said, “The partners at 47 Ventures Investments have deep expertise in the digital/mobile ad mediation platform and we are excited to have them on board as we move towards global expansion”.
ConsoliAds was founded by three gaming industry veterans named Asad Mahmood, Usman Sheikh and Raheel Iqbal with years of experience in the mobile and apps development filed as well as in the ad tech industry. The headquarter of ConsoliAds is in Singapore and it also has ongoing development projects in Pakistan as well. There are several regional offices in Dubai as well. This platform offers the publishers of apps, games, and digital content a complete online ad management solution to increase their revenues and also help them to promote their digital content more efficiently.
