# AD(X)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ad-x

- Industry: Marketing/Advertising
- Headquarters: Seoul, South Korea
- Website: www.adxcorp.kr
- Total disclosed funding: $7.2M
- Latest round: Series C (Apr 13, 2021)
- Investors on record: 2

## About

Based in Seoul, South Korea and founded in 2016, AD(X) CORP. is a mobile advertising revenue platform that provides application of the most up-to-date ad formats through its close collaboration with ad networks. In 2021, it acquired Gom Factory from Wider Planet and reinforced the technical field of experts. It also acquired casual game developers such as Nfly Studio (Infinite Stairs), Nexelon (Fishing and Life), and Code Dog (the secret of the birth of a tool). It is also investing in indie developers to support sustainable growth. Currently, it has about 450 apps as customers, including Kids Note, Hancom Office Viewer, and KT Whoo, as well as Friends Popcorn, Professional Baseball Superstars 2021, and Three Kingdoms Blade. AD(X) CORP. has recently succeeded in attracting KRW 8 billion worth of investment. The enterprise value recognized in this investment process is over KRW 90 billion. 

The company provides a mobile advertising revenue platform that maximizes the profits that can be obtained from advertisements by using self-developed advertisement indicators and algorithms for mobile app and game developers, a medium that provides advertising space.

AD(X) CORP. plans to secure and acquire ad revenue-oriented game developers and will expand B2B solutions that have reduced costs and to expand the extension of the company while also aiming for listing on the KOSDAQ.

## Funding rounds

- Series C, Apr 13, 2021, $7.2M — Smilegate Investment, T.S. Investment

## Investors

- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series C
- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series C