Chinese intelligent digital marketing service AdSame announced that it has secured a new round of $30 million funding led by Pacific Venture Partners and Dream Capital Group, and followed by existing investors Matrix Partners and Vertex Ventures
By Emma Lee
Chinese intelligent digital marketing service AdSame announced that it has secured a new round of $30 million funding led by Pacific Venture Partners and Dream Capital Group, and followed by existing investors Matrix Partners and Vertex Ventures. The company added that it plans to launch IPO in US market in 2015.
The fund will be used in US IPO, promotion of mobile and multi-screen advertizing products, R&D of wearable products, big data platform for government and introduction of an ad trading platform which has been successfully run by Taipei branch of AdSame.
The marketing planning firm planning its own IPO campaign
AdSame provides full service for digital marketing solutions, including online media planning, ad service, campaign management and performance monitoring, evaluation, analysis and optimization etc.
AdSame’s clients cover a wide variety of industries, including food and beverage, automobile, beauty care, financial service, fashion, IT and games.
AdSame was founded in 2009 with headquarters in Shanghai and branches in Beijing, Guangzhou, Chengdu, Chongqing, Changsha, Xiamen, Xi’an, Wuhan and Taipei. AdSame has more than 400 employees globally.
After receiving Series A funding from Matrix Partners, the company received a combined $20 million of Series B financing from Matrix Partners, Vertex Ventures and Susquehanna China Venture Capital in 2011.
A similar digital marketing platform Avazu also raised $48 million of Series A funding earlier this year.
This post was originally published on Technode