The ADEX concludes financing round of 2.8 million euros
The ADEX, a leading provider of data management solutions, has concluded a series A financing round in the amount of 2.8 million euros with Capnamic Ventures and Iris Capital.
ADEX plans to use the fresh capital to extend its Cross Device DMP (Data Management Platform) and expand it on an international scale. The first target markets are the UK, France, and Spain. “We’re proud to have acquired two further highly reputable partners in the wake of our first seed financing round,” says Dino Bongartz, CEO and founder of ADEX. “Capnamic Ventures contributes the experience gained in the course of numerous participations in the field of digital media. In addition, we can now draw on the international network of Iris Capital, one of the world’s leading venture capital specialists in the field of digital media. The two partners augment our expertise and will help us to extend our data management platform and intensify our expansion in Europe."