Nexoya, a Zurich, Switzerland and Berlin, Germany-based supplier of a platform automating and optimizing promoting budgets throughout channels for digital advertising and marketing, raised $5M in Sequence A funding.
The spherical was led by BlackSheep MadTech Fund, managed by Eureka! Enterprise SGR.
The corporate intends to make use of the funds to additional develop its AI platform, combine extra promoting channels, safe additional progress in Switzerland and Germany and broaden into new markets similar to Italy and the UK.
Led by CEO Marco Hochstrasser, Nexoya combines all campaigns with the identical goal throughout all channels into one portfolio after which optimizes the finances utilizing predictive analytics throughout these channels. Robotically, the finances will be shifted throughout 40 digital promoting channels. The corporate works with a variety of selling departments, similar to these of Generali, Yuh, Magix, Dawn, or Kardex. In 2022, Nexoya tripled its income and loved steady progress of 12.5 p.c month-on-month. The startup at the moment employs a complete of 24 individuals at its places of work in Zurich and Berlin.
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