Octaive raises £500k in seed investment from industry leaders to scale operations
The profitable CreaTech startup secured its first external funding from high profile angel investors.
Octaive provides a conversational media platform that generates active consumer attention through interactive display and video advertising. The profitable startup has doubled its revenues over the past year.
London conversational media startup Octaive has secured £500k in its first external funding round from a group of high profile industry angels. The company has achieved profitability within two years of operation while more than doubling its revenues over the past year.
The fresh capital will be directed towards scaling operations across Europe and the United States, enhancing product capabilities, and expanding customer support infrastructure. The privacy-first technology has experienced surging demand as brands seek alternative engagement metrics following Google plans to phase out third-party cookies.
From the founder
"For too long brands have been limited to just ‘pushing’ their message at consumers without the ability to listen but today people expect control over their digital experiences. Octaive’s proposition is to help brands look past outdated metrics and create ads that generate ‘active attention’. Through doing this we empower consumers to personalise their own ad experiences, removing the need for cookies. We have a fantastic team, partners and clients and together we’re driving industry innovation. Our business has been built on a sustainable footing, in profit after just two years, so we are in the fortunate position to be selective about where we get funding and are especially excited to have such respected industry leaders now backing the company on the next phase of our journey."
Sam Peters
CEO at Octaive
Use of funds
- 01Scale operations
- 02Continue product development