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StickEarn initial Series A funding led by both East Ventures and SMDV has accounted to US$5.5 Million
FREMONT, CA: StickEarn, a renowned Indonesian offline-to-online advertising technology enterprise announced the closure of its oversubscribed Series A round of funds valuing US$5.5 million. The first equity funding round was jointly led by East Ventures and SMDV, along with Grab, OVO, and Agaeti Ventures.
The Series A funding will provide the resources necessary to explore new avenues from various sectors. It will be utilized for upgrading its data and analytics capabilities to attain a prominent position in the advertising technology enterprises sector.
Since its inception in 2007, StickEarn has vowed to transform the advertising sector by measurable out-of-home advertising. The enterprise has expanded its reach and is deeply rooted in several verticals like advertising, outdoor advertising, indoor advertising, and smart retail. In two and a half years, StickEarn has been associated with more than 300 clients and brands displaying the growth of revenue to be 300 percent.
The company has systematically expanded its operations across 31 cities of Indonesia. StickEarn also presents various options for advertising, including StickMob, StickMotor, StickBus, StickAngkot, StickPlane, and StickMart.
StickMart is the latest in the company’s offerings. It was launched in 2018 and is patented as an in-car sampling distribution and retail platforms which advertises the product in a measurable context. This service by StickEarn is available in 6 countries and has assisted several brands in reaching its target audiences in a controlled environment. StickTron is another one of the company’s products that comprise of a Truck retrofitted with three-sided LED screens that drive through the city.
StickMob, StickMotor, StickBus are various automobiles-based advertising to create brand awareness. The founders of the company have put high-dedication and all their ability to scale a renewed business model, both crossways and sideways. With an experience of only two and a half years, the company’s products are constantly drawing positive impact for the advertisers as well as customers. The latest investment will provide more leeway for the company to rollout out-of-the-box advertising strategies and products that will revolutionize Indonesia’s advertisement scenario.
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