Buzzvil Raises KRW 20 Billion Series C for Compelling Reward
Summary
Buzzvil, a global leading provider of rewarded ad platform, announced on Wednesday it raised a total of 20.5 billion Korean Won (17 million USD) in series C from the Mega-7 Club for its compelling reward-based adtech that drives high conversion martech news. The Mega-7 Club, dubbed as South Korea’s version of Softbank Vision Fund, is consisted of returning investors LB Investments, Company K Partners and new investors SBI Investments, Korea Development Bank and Shinhan Bank martech. The rewarded ad platform provider intends to use the funding to tighten its grip in the global scene and to enhance its targeting technology that will bring more values to its customers. Buzzvil has more than 100 global publishing partners, including South Korea’s Lotte, CJ One, Japan’s East Japan Railway Company and Loyalty Marketing, Inc., the operator of Ponta Point. Its main advertisers include eBay, Samsung, Adidas, Toyota, Jaguar, and BMW.