The startup founded in 2011 Crossvertise The company offers cross-channel advertising in print, online, radio, TV, cinemas, and on billboards. The market is responding to the Munich-based company's offering, resulting in sustained revenue growth.
In 2016, Crossvertise achieved an order volume of more than €10 million, and revenue was also in the eight-digit range. This represents an increase of more than a third compared to the previous year. Profit before taxes increased by more than 40 percent.
The company's own platform crossvertise.com has 39,000 customers, of which 14,000 were new customers registered in 2016. 1,200 customer orders have already been processed via the platform. According to the company, the majority of orders come from small and medium-sized businesses with a local or regional advertising focus.
Talking to investors
The startup is also optimistic about the current year, as founder and CEO Matthias Völcker explained:
"We started the new year with a record-breaking 300 inquiries. At the same time, interest in our specialized retail marketing solution is growing. 2017 therefore has the potential for us to further increase sales and profits and establish Crossvertise even more firmly in the German advertising market."
The startup is currently in talks with investors and strategic partners.
Here you can find a portrait of the company on Munich Startup.
