Israeli marketing technology startup Zoomd goes public in Toronto Stock Exchange raising $7 million
Zoomd, Israeli marketing technology exited startup stage and went public on the Toronto Stock Exchange Ventures, raising $7 million (C$9.3 million) at a share price of C$1.00 per share.
Founded in 2012 by by Amit Bohensky, Chairman, Ofer Eitan, CEO, Omri Argaman, CMO, and Niv Sharoni, CTO, Herzliya, Israel-based Zoomd provide service for publishers, advertisers, agencies and app developers. Zoomd is a site search, mobile user-acquisition and retention platform offering a solution for both online publishers and advertisers looking to increase content monetization via higher user engagement.
Its SaaS site search-engine capabilities with its mobile user-acquisition platform give customers actionable data, relevant content, and advanced technologies to deliver result-driven campaigns. The technology utilizes Natural Language Processing (NLP) coupled with machine learning, a proprietary search algorithm and deliver highly accurate results.
In 2017, Zoomed merged with Moblin an industry-leading mobile acquisition platform. Its team is comprised of some of the best, brightest and most passionate people in the search and mobile industry.
Since merging with Moblin in 2017, the company has tripled its revenues and profitability and is currently working with clients in more than 80 countries, including major worldwide companies such as Poker Stars Group, Shein, bWin (GVC Group), FoxNews, 90Min, Alibaba Group, Wowcher, TikTok, ComScore, NHN and more.
The company was valued at C$93.2 million pre-trading. It went public through a reverse takeover with Canada’s Data Miners Capital Corp.