About Adway
Adway is a company based in Sweden founded in 2017 by Richard Sörensson and Viktor Nord.. Adway has raised $17.26 million across 3 funding rounds from investors including Octopus Ventures, Brightly Ventures and Spintop Ventures. Adway offers products and services including Adway Attract and Adway Convert. Adway operates in a competitive market with competitors including Jibe, Genus AI, Candidate.ID, Dalia and Aktor Interactive, among others.
- Headquarter Sweden
- Founders Richard Sörensson, Viktor Nord
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Adway Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.26 M (USD)
in 3 rounds
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Latest Funding Round
$3.02 M (USD), Series A
Feb 17, 2024
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Investors
Octopus Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Adway
Adway offers a comprehensive portfolio of products and services, including Adway Attract and Adway Convert. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates job ad creation and distribution on social media platforms.
Enhances application processes with automated text and email support.
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Funding Insights of Adway
Adway has successfully raised a total of $17.26M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.02 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.0M
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First Round
First Round
(16 Jun 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Adway | Valuation |
investors |
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| Nov, 2022 | Amount | Series A - Adway | Valuation | Octopus Ventures | |
| Jun, 2021 | Amount | Series A - Adway | Valuation | Spintop Ventures , Brightly Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adway
Adway has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Octopus Ventures, Brightly Ventures and Spintop Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Brightly Ventures is focused on investing in Nordic startups.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage software technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adway
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adway
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adway Comparisons
Competitors of Adway
Adway operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jibe, Genus AI, Candidate.ID, Dalia and Aktor Interactive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS recruiting solutions are provided for talent acquisition teams.
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| domain | founded_year | HQ Location |
Platform offering predictive analytics solutions
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| domain | founded_year | HQ Location |
Cloud-based platform engages passive candidates for enterprise recruitment.
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| domain | founded_year | HQ Location |
Recruitment marketing automation is delivered via a cloud-based sourcing platform.
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| domain | founded_year | HQ Location |
HR communication and recruitment software is provided alongside consulting services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adway
Frequently Asked Questions about Adway
When was Adway founded?
Adway was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Adway located?
Adway is headquartered in Sweden.
Is Adway a funded company?
Adway is a funded company, having raised a total of $17.26M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.88M, raised on Jun 16, 2021.
What does Adway do?
Recruitment marketing firm offering employee branding solutions. It is a recruitment marketing firm that leverages artificial intelligence and automation to assist employers in branding and managing candidates. The companys platform enables the creation and distribution of job and employer branding campaigns, targeting and managing relationship with candidates. The features include applicant experience management automation, social media based ads targeting, text and emails generation, KPI insights, and more.
Who are the top competitors of Adway?
Adway's top competitors include Jibe, Candidate.ID and Dalia.
What products or services does Adway offer?
Adway offers Adway Attract and Adway Convert.
Who are Adway's investors?
Adway has 3 investors. Key investors include Octopus Ventures, Brightly Ventures, and Spintop Ventures.