Adwerx Raises $4.3M in Funding

Adwerx, a Durham, NC-based provider of localized digital advertising for real estate professionals, lenders, and small businesses, raised $4.3m in funding.

The round was led by Grotech Ventures, with participation from Bull City Venture Partners and Alerion Ventures.

The new funds will be used to scale the Adwerx Enterprise program in the real estate vertical and fuel expansion into other verticals.

Led by Jed Carlson, CEO, Adwerx provides online marketing tools to real estate industry customers and other small businesses across all 50 states and Canada. To date, the company has provided digital advertising for over 50,000 real estate professionals and other small businesses,
It has recently expanded its Adwerx Enterprise program in real estate, securing deals with Chicago-based @properties, national firm RE/MAX, LLC, and others.

Adwerx was spun off from ReverbNation in late 2014 and raised $1.25m in an earlier funding round.



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