Promoty announced raising €1.2 million via Funderbeam.

Estonia 10 March 2021

Promoty, a Talinn, Estonia-based operator of a marketplace connecting Instagram influencers to retail brands, announced securing funding of €1.2 million

The money was raised via Funderbeam and will be used to strengthen its position in the new markets in Scandinavia and Baltics, and expand to other platforms like TikTok and Youtube.

Promoty, founded in 2017 by CEO Aleks Koha, built an operation based on a marketplace which connected 46,000 influencers and 3,400 marketers.The company also is present in canada, as it opened an office in Toronto.

Total investments received (USD): 1.44M