Somoto
Financials
Estimates*
ILS | 2021 | 2022 | 2023 |
---|---|---|---|
EBITDA | (16.8m) | (25.9m) | (23.5m) |
Profit | (79.5m) | (24.9m) | (31.7m) |
EV / EBITDA | -12.4x | 0.1x | -0.4x |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$700k | Seed | ||
N/A | $600k | Angel | |
N/A | N/A | IPO | |
N/A | Merger | ||
Total Funding | $1.3m |
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EditSomoto is a leading technology company that focuses on the global monetization and distribution of mobile and PC applications, as well as innovative video advertising solutions. The company serves a diverse range of clients, including publishers and advertisers of all sizes, aiming to enhance user engagement and maximize revenue. Operating in the digital advertising market, Somoto leverages its proprietary platforms, such as TIM and Tabatoo, to offer highly engaging and viewable ad placements tailored to meet specific Key Performance Indicators (KPIs). The business model revolves around providing value-added services that simplify and optimize the advertising process, making it rewarding for both publishers and advertisers. Somoto generates revenue through ad placements, application distribution, and monetization services. The company stays ahead of technological, business, and cultural trends to ensure its solutions meet the evolving needs of its users.
Keywords: monetization, distribution, mobile applications, PC applications, video advertising, user engagement, publishers, advertisers, TIM, Tabatoo.