June 29, 2023
Moloco, a leader in operational machine learning (ML) and performance advertising, announced that investors including Fidelity Management & Research Company and Singapore-based global investor, EDBI, have become Moloco shareholders via secondary stock transactions. Fidelity Management & Research Company acquired Moloco shares from Korea Investment Partners (KIP), a Series A investor.
These recent transactions value Moloco at more than $2.0B, an increase of more than 40% since its Series C valuation of $1.5B in 2021. These transactions resulted from secondary share sales, and Moloco did not receive any primary proceeds.
These transactions come as Moloco continues to see rapid growth across its portfolio of software solutions powered by machine learning, including:
“Moloco continues to gain traction on its mission to empower businesses of all sizes to grow using operational machine learning,” said Ikkjin Ahn, CEO and Co-Founder, Moloco. “We continue to grow quickly while remaining highly profitable and cash-flow positive. Our unique financial profile allows us to invest into new products such as our Retail Media Platform and our monetization solution for streaming media and OTT providers.”
Ahn continued: “We’re excited to add long-term, fundamental investors on our cap table, and we’re grateful for the support we’ve received from KIP since our formative days. We’d like to thank the KIP team for believing in our long-term ML product vision and enabling our success over the years.”
Moloco has grown revenue by more than 5x in the two-year period from 2020 to 2022 and finished 2022 with over $200M in revenue. The company has been profitable for 12 consecutive quarters.
About Moloco
Moloco’s mission is to empower businesses of all sizes to grow through operational machine learning. With Moloco’s machine learning platform for growth and performance, every app publisher and e-commerce marketplace can now unlock the value of their unique, first-party data. Moloco Cloud DSP enables performance marketers to quickly scale user acquisition and achieve greater lifetime value through market-validated prediction models. Moloco Retail Media Platform enables commerce platforms to establish their own performance ads business. Moloco Monetization for Streaming and OTT enables streaming media companies to build a scalable and profitable ad business that delivers results for advertisers. Moloco was founded in 2013 by a team of machine learning engineers and has offices throughout the US, the UK, Germany, Korea, China, India, Japan, and Singapore.
PR Contact:
Diana Adair, Senior Director of Communications, Moloco
pr@moloco.com