(Tel Aviv, Israel, September 23, 2013) – Visualead, a leading Visual QR Code and mobile page design platform that is used by 200,000 SMBs worldwide to promote their business offline, announced today that it has secured $1.6 million in Series A funding from a consortium of internet and digital media venture capitalists, led by Kaedan Capital and Entrée Capital.
The funds are being allocated to further develop and boost the growth of Visualead’s “Do-it-Yourself” platform for the design of Visual QR Codes and Mobile Pages campaigns. Furthermore, the funds will be used to increase distribution of its white label solutions and execute its worldwide IP strategy.
Founded in 2012, Visualead set out to help businesses attract and interact with their customers.
Using proprietary technology, Visualead developed a platform that lets any business quickly merge QR codes into any design or advertisement in just a few simple steps to draw potential customers into an optimized mobile experience. Visualead's platform is now being used by familiar brands and SMBs worldwide.
“We help businesses interact with their customers and grow their business. Visual QR codes are creative, branded and the most effective way to draw potential customers into mobile.” said Nevo Alva, Founder and CEO of Visualead. “Our platform is super easy to use and increases campaign ROI by up to 400%, any business should use it!"
Kaedan Capital is a private investment firm that focuses on equity investments in web, mobile and digital media technologies and services. Entrée Capital provides multi-stage funding for innovative seed, early and growth companies from around the world.
In May 2013, Visualead participated in the prestigious GMIC conference in Beijing and walked away as the winner of the Growth Stage G-Startup contest, reinforcing their reputation as a strikingly innovative and promising startup.
Founded in 2012, Visualead set to help businesses attract and interact with their customers.
With the use of their proprietary technology, Visualead has developed a platform that lets any business quickly embed QR codes into any design or advertisement in just a few simple steps, enabling them to create mobile oriented campaigns. Visualead's platform is currently used by over 200,000 SMBs worldwide, generating over 30,000 Visual QR Code and Mobile page campaigns per month. Visualead also licenses its patented Visual QR Code technology to major enterprises and brands.