Twenga raises €10m

What does Twenga do?

Twenga, is a French internet search advertising company. it provides advanced traffic acquisition for more than 4,000 customers in 15 countries. It provides advanced audience acquisition solutions on leading online advertising marketplaces, affinitAD display network and Twenga shopping search sites. It is a specialist in e-commerce with more than 400 million referenced products. This company helps advertisers in improving performance and automation of their advertising investments.

How much Twenga was funded?

Twenga has raised €10M in Series A funding on May 29, 2015 from Sofinnova Partners and Idinvest Partners.

Previous funding

• €2.6M in Seed round on December 1, 2007 from 3i Group

What is next for Twenga?

Over the last few years, Twenga has focused on improving on repositioning their offer around advanced technologies they have developed in audience acquisition. All this has changed into a couple of new offers which aim in helping their clients for optimizing their ROI and cost of sale.

This consumer search engine company will use the latest funding raised to expand its business internationally and has plans to establish new offices in many European countries before the end of Q2 2015. It also has plans to hire 50 new employees within engineering, marketing, data science and sales to add to its current workforce.

With the €10 million latest investments in the company they are now focused on expanding internationally. They are already in UK and Germany, but plan to open office elsewhere in Europe this summer. Thus they plan to rapidly scale their team of 150 currently by adding 50 more.

More about Twenga

Twenga was founded on September 17^th, 2006 by Cedric Anes and  Bastien Duclaux. It has its headquarters in London. This company which is considered as the most complete e-commerce search engine  provides user access to 400 M products in a single click.