Adsby Receives $525 Thousand Investment

Adsby, a startup formerly known as Magnetiq, provides AI-based solutions to effectively manage Google, Facebook and Instagram ads on a single platform. Adsby has successfully completed a new seed investment round. In this investment round, Adsby received an investment of $525 thousand from KT Portföy Yönetimi A.Ş., Lonca GSYF and angel investors under the leadership of Inveo Ventures. Adsby received its first investment from QNBEYOND Ventures in 2021 and strengthened its presence in the Turkish market. Now, thanks to the new investment round, it aims to grow globally, especially in the US market. In addition, it plans to introduce its new artificial intelligence-supported big data-based products to users in the global market by the end of this year.

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Adsby

In order to be more effective in the global market, Adsby hosts Magnetiq under a new umbrella brand Adsby, as well as the TierOne brand, which offers services to large-scale companies. While Adsby continues to offer self-service digital marketing solutions to small businesses with its Magnetiq product, the TierOne product is positioned as an end-to-end digital marketing tool for large businesses. TierOne has big brands such as Gusto, Silk&Cashmere, Efor, Berrin Özkan, Simple As Is, Ninon and 3bfab in its customer portfolio.