RedTrack, an AI-driven analytics and automation platform for media buyers, has raised €2.9 million in a Series A funding round.
The funding round was led by LeadVentures and included participation from InstaVC, IronWolfCapital, and angel investor Balazs Gandera.
RedTrack's technology tracks 60,000 ad accounts, generating over $2 billion in revenue for 800 businesses in the ecommerce and marketing agency sectors.
The funds will be used to strengthen the product team, accelerate AI product development, and expand into the US market.