PowerLinks announced that it has secured $6.1 million in Series A investment led by Foresight Group, with participation from leading angel investors and PowerLinks management.
PowerLinks is an open advertising platform that powers marketplaces and technology services for native ads across all devices. According to PowerLinks, the company saw its marketplace surpass 4,000 advertising campaigns from 140 connected advertisers, driving revenue growth of 112 percent year-over-year. PowerLinks also said it strengthened its relationship with advertising partner Microsoft.
The capital injection will accelerate PowerLinks expansion in the U.S., with planned additions across its sales, client services and technology teams. The company also plans to partner with global customers to roll out support in dozens of new markets.