Kiosked announced that it received USD 6.9 million from private investors. Kevin Wall of Craton Equity Partners and Digital Sky Technologies Partner John Lindfors led the latest funding round. As part of the agreement, Wall would be joining the Board of Directors of the startup company.
Kiosked said it would be using the proceeds of the round to launch its mobile content monetization solutions. The Kiosked platform turns online images, video and apps into interactive ways to engage customers. Since the ads are non-intrusive, Kiosked enables brands to monetize customers' impulses as they get to see, want and eventually buy the products.
Kiosked was established in 2010 and has grown since then. It has already has offices in London, New York, Los Angeles and Singapore. It has millions of products in its platform and does business with well-known brands like Nike, eBay and Rovio Entertainment.
Lead investor Kevin Wall said Kiosked's provided a way to monetize content across various sectors. "Online marketing needs to become a non-intrusive service for consumers, otherwise it will not succeed. I am intrigued by the way Kiosked solves this challenge and provides the right tools to turn advertising into a true service for consumers," he added.
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