Adcade Raises $1.5 Million of Seed Funding
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New York, New York – Adcade, a suite of rich media ad puzzles and games to drive consumer engagement with brands and increase revenue for publishers has raised $1.5 million of seed funding led by ff Venture Capital and backed by Quotidian Ventures, BHV, Great Oaks VC and with other existing investors.
“The mobile ad space is primed for innovation,” said Rob Cromer, CEO, Adcade. “It’s painfully clear that desktop ads don’t translate well to mobile devices, and, as mobile continues to grow, publishers need new solutions to monetize. We have built one of the most comprehensive HTML5 Canvas frameworks to-date and, in turn, we believe our ad technology is leaps and bounds ahead of what is currently available in the market.”
The new funding will be used to accelerate business and development of other innovative mobile ad products, including a robust self-service platform, which the company plans to launch later this year.
Funding Total: $1,500,000
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|Investors: ff Venture Capital, Quotidian Ventures, BHV, Great Oaks Venture Capital|