Zoomd, a Herzliya, Israel-based martech platform for mobile user-acquisition and site-search, completed a public offering raising CA $9.27m at price of CA $1 per share.
It commenced trading today on the Toronto Stock Exchange Ventures (TSXv) under the ticker ZOMD.
The offering was managed by A-Labs Finance & Advisory and co-led by Canadian bankers including Haywood Securities Inc., Eight Capital and Paradigm Capital Inc.
Co-founded by Amit Bohensky, Chairman, Ofer Eitan, CEO, Omri Argaman, CMO, and Niv Sharoni, CTO, Zoomd is a site search, mobile user-acquisition and retention platform offering a solution for both online publishers and advertisers looking to increase content monetization via higher user engagement.
Its SaaS site search-engine capabilities with its mobile user-acquisition platform give customers actionable data, relevant content, and advanced technologies to deliver result-driven campaigns. The technology utilizes Natural Language Processing (NLP) coupled with machine learning, a proprietary search algorithm and deliver highly accurate results.
Since merging with Moblin in 2017, the company has tripled its revenues and profitability and is currently working with clients in more than 80 countries, including major worldwide companies such as Poker Stars Group, Shein, bWin (GVC Group), FoxNews, 90Min, Alibaba Group, Wowcher, TikTok, ComScore, NHN and more.