Holtzbrinck Ventures and European Founders Fund invested a medium seven figure sum in AdScale in a second round of financing. The size of the first financing round – to which Oliver Jung and Lukasz Gadowski contributed – is undisclosed. AdScale is an online marketplace enabling customers to sell advertising space to the highest bidder in real-time auctions.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin