About Adwerx
Adwerx is a company based in Durham (United States) founded in 2013 by Michael Doernberg and Jed Carlson.. Adwerx has raised $27.7 million across 6 funding rounds from investors including Texas Capital Bank, Savano Capital Partners and Observatory Capital Management. The company has 138 employees as of December 31, 2022. Adwerx offers products and services including Real Estate Listing Ads, Brand Ads by Zip Code, Streaming TV Ads, and Digital Out-of-Home Ads. Adwerx operates in a competitive market with competitors including Luxury Presence, Levitate, ActivePipe, Habiteo and Lofty, among others.
- Headquarter Durham, United States
- Employees 138 as on 31 Dec, 2022
- Founders Michael Doernberg, Jed Carlson
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Sectors
Real Estate & ConstructionTechnology Media & Entertainment
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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 Adwerx, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.7 M (USD)
in 6 rounds
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Latest Funding Round
$3 M (USD), Series B
May 18, 2023
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Investors
Texas Capital Bank
& 7 more
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Employee Count
138
as on Dec 31, 2022
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Products & Services of Adwerx
Adwerx offers a comprehensive portfolio of products and services, including Real Estate Listing Ads, Brand Ads by Zip Code, Streaming TV Ads, and Digital Out-of-Home Ads. 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.
Automated ads for promoting real estate listings to potential buyers
Geotargeted ads to enhance local brand visibility for professionals
TV-based ads reaching audiences through connected devices for branding
Public space ads on screens in locations like gyms and malls
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Funding Insights of Adwerx
Adwerx has successfully raised a total of $27.7M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $3 million completed in May 2023. 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 6
- Last Round Series B — $3.0M
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First Round
First Round
(03 Aug 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Adwerx | Valuation | Savano Capital Partners , Observatory Capital Management | |
| Jan, 2023 | Amount | Series B - Adwerx | Valuation |
investors |
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| Nov, 2021 | Amount | Series B - Adwerx | Valuation | Texas Capital Bank , Savano Capital Partners |
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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 Adwerx
Adwerx has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Texas Capital Bank, Savano Capital Partners and Observatory Capital Management. 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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Liquidity solutions are provided to private shareholders and companies.
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Founded Year | Domain | Location | |
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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided for B2B software founders.
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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 Adwerx
| 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 - Adwerx
| 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 |
Adwerx Comparisons
Competitors of Adwerx
Adwerx 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 Luxury Presence, Levitate, ActivePipe, Habiteo and Lofty, 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 |
Provider of marketing solutions for real estate agents
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| domain | founded_year | HQ Location |
An AI-based marketing platform is provided for real estate businesses.
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| domain | founded_year | HQ Location |
An online marketing platform is offered for real estate professionals.
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| domain | founded_year | HQ Location |
3D and virtual tour solution for real estate developers.
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| domain | founded_year | HQ Location |
Lofty is recognized as an AI-powered platform for real estate professionals.
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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 Adwerx
Frequently Asked Questions about Adwerx
When was Adwerx founded?
Adwerx was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Adwerx located?
Adwerx is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Who is the current CEO of Adwerx?
Jed Carlson is the current CEO of Adwerx. They have also founded this company.
Is Adwerx a funded company?
Adwerx is a funded company, having raised a total of $27.7M across 6 funding rounds to date. The company's 1st funding round was a Series B of $14.5M, raised on Aug 03, 2015.
How many employees does Adwerx have?
As of Dec 31, 2022, the latest employee count at Adwerx is 138.
What does Adwerx do?
Adwerx was established in 2013 in Durham, United States, within the advertising technology sector. Automation of ad creatives is offered alongside customer relationship advertising tools. Targeting by zip codes, TV commercials, and other methods is enabled. Advertisements can be customized, and campaigns are configured through the platform to support various advertising needs.
Who are the top competitors of Adwerx?
Adwerx's top competitors include Luxury Presence, Levitate and Lofty.
What products or services does Adwerx offer?
Adwerx offers Real Estate Listing Ads, Brand Ads by Zip Code, Streaming TV Ads, and Digital Out-of-Home Ads.
Who are Adwerx's investors?
Adwerx has 8 investors. Key investors include Texas Capital Bank, Savano Capital Partners, Observatory Capital Management, Grotech Ventures, and Bull City Venture Partners.
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