RevGlue Helps Online Publishers
Manchester-based RevGlue secures £300k investment from GC Angels and Admitad.
13:57 25 January 2021
Manchester-based RevGlue, which specialises in helping online publishers monetise their blogs, has recently raised £300k investment from GC Angels and Admitad.
The firm said that the fresh funding will be used to scale up its sales and marketing activity in the United Kingdom as well as hire a new sales and marketing team in Manchester.
Adeel Farooq, CEO and founder at RevGlue, said: “After identifying the main problems facing bloggers, website and mobile app owners when monetising their start-ups, we have developed RevGlue to resolve those problems quickly and easily in the last three years. Thanks to the investment from GC Angels and Admitad, we now have the opportunity to scale our business activities in the UK over the next 12 months, before launching RevGlue into global markets with enhanced offers and tools.”
Damian Mohammed, Investment Director at GC Angels, said: “RevGlue offers individuals who have been adversely impacted by the pandemic a real opportunity to make a living through social media and other online channels, which is a sector set for major growth this year. We’re delighted to invest alongside a leader in the affiliate marketing space, Admitad, to aid RevGlue’s growth in the UK and beyond as it capitalises on the rise in social media and online retail usage under lockdown.”
Alexander Bachmann, Founder and CEO at Admitad, said: “RevGlue is a unique, one of its kind company. As a SaaS platform, it provides publishers with multiple tech solutions to monetize their traffic and possesses extensive affiliate marketing experience. We believe that this collaboration will become an asset for our partners around the world and are planning to support RevGlue further on with their growth and worldwide expansion.”