StickEarn, a leading Indonesian offline-to-online advertising technology company, has closed Series A round of funding of US$5.5 Million, said the management today (Oct 15). The round is co-led by East Ventures and SMDV, together with Grab, OVO, and Agaeti Ventures.
Started in 2017, StickEarn aims to revolutionize the advertising industry by running the first measurable out-of-home advertising. The company has now expanded and planted its roots into several verticals such as transportation advertising, outdoor advertising, indoor advertising, and smart retail.
Within two and a half years, the digital company has worked with over 300 clients and brands and its revenue has grown by more than 300 percent. To date, StickEarn has expanded operationally to 31 cities across Indonesia.
The startup offers various advertising options such as StickMob (Car), StickMotor (Motorbike), StickBus (Bus), StickAngkot (Angkot), StickPlane (Aeroplane), and StickMart (In-car retail). Last month also saw StickEarn launch its latest product- StickTron, a 3-sided advertising LED Truck that drives specific routes within the city.
StickEarn founded by Archie Carlson, Sugito Alim, Hartanto Alim, and Garry Limanata in Jakarta. While, East Ventures is an early-stage venture fund focused on Southeast Asia and Japan.