3 years ago
Lunio Raises €15 Million to Fight Click Fraud in Digital Advertising
Lunio, a UK-based startup focused on combating click fraud in digital advertising, has secured €15 million in Series A funding led by Smedvig Capital
The investment will fuel the development of Lunio's technology and expand its reach into EMEA and North American markets
Lunio's platform identifies and blocks fraudulent traffic, helping marketers optimize their ad spend and gain accurate campaign insights
The company's solution addresses the growing issue of ad fraud, which cost the industry $35 billion in 2020
Lunio's technology covers over 25 ad networks, including Google, YouTube, Facebook, Instagram, LinkedIn, Reddit, Bing, Yandex, TikTok, and Snapchat.
ProblemAdvertising and Technology
"Wasting advertising budgets on fake and fraudulent ad traffic, leading to inaccurate marketing insights and poor return on ad spend."
Solution
"Lunio's technology uses data analysis and cybersecurity techniques to identify and block fake clicks at the source, providing accurate insights and helping marketing teams regain control over their campaign budgets."