07 Sep 2016

Project Agora secures financing from Venture Friends to grow its SaaS platform

Project Agora secures financing from Venture Friends, one of the leading VC firms in S.E. Europe, to further accelerate the development of its SaaS advertising monetization platform for publishers.

Project Agora has had a fantastic run during the first 18 months, launching its advertising inventory monetization service in Greece, Romania, Hungary and MENA, and innovating to maximize revenues and simplifying operations for more than 330 websites. Project Agora is currently monetizing more than 1bn impressions per month while its employee base has grown during this period from 6 to 21 digital professionals.

The traction we have had during the first 18 months has been overwhelming but amazingly positive. Access to capital will help us grow faster to empower local publishers get the funds and extra time to build content and services that people want to engage with”, commented Odysseas Ntotsikas, TDG’s Founder & Managing Partner.

Apostolos Apostolakis, Venture Friend’s Partner commented:

We are thrilled with Project Agora and its dynamic so far. The company has already established partnership with 330 websites who are already seeing an uplift in their advertising revenues. We are also very much enthusiastic to be partnering with Odysseas in his new business venture. In parallel to his successful international career with TDG, Odysseas has been a true digital marketing thought leader”.

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