Journify raises $12 million to expand into the US and Europe

World · First reported 3 Nov, 14:00 · Updated 14:28

Image: Wikimedia Commons · Ysherazi · CC BY-SA 4.0

Journify says it will use its Series A funding to expand into the US and Europe and develop its advertising data platform. The announcement describes the company’s fundraising, customers and reported growth.

Journify announced a $12 million Series A led by Al Mada Ventures and co-led by returning investor Silicon Badia; the round was at four times the company’s previous valuation.
The company says it will use the funding to expand into the US and Europe and grow the AI capabilities of its ad-signal platform.
Journify says more than 100 businesses use its service. It also reports that its revenue has grown more than fivefold since Silicon Badia’s initial investment.

Summary written by Lux AI from 2 articles

Key facts

Funding: $12 million Series A
Lead investors: Al Mada Ventures led the round; Silicon Badia co-led as a returning investor.
Expansion plans: US and Europe
Businesses using Journify: More than 100, according to the company.
Revenue growth: More than fivefold since Silicon Badia’s initial investment, according to its partner.