Run by American entrepreneur Tyler Moebius, London-based Adconion sells online advertising space to its customers, most of which are advertising agencies. The company raised £40m in 2008 from a consortium led by Index Ventures, and in May 2011 announced a £21m financing package from Silicon Valley Bank. Adconion’s acquisitions include smartclip, a digital video advertising agency, in November 2011, and some of the assets of online video service Joost, bought in 2009. These acquisitions and organic growth boosted sales 48% a year, from £54.4m in 2008 to £176.2m in 2011.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.