Odeeo Lands $5 Million Investment to Fuel Expansion

Odeeo, a pioneer in in-game audio advertising, has secured a strategic $5 million investment from Atinum Investments, further solidifying its presence in the US market. This move is accompanied by the relocation of co-founder and president Elad Stern to New York, where he will join key team members including Dan Feldstein, James Kowan, and Kathleen Verdugo. Atinum Investments, a prominent Korean investment firm, joins existing investors Play Ventures and Anton Gauffin in supporting Odeeo's growth. Notably, Odeeo has experienced a significant surge in daily active users, with a 260% increase, and now serves over 15 million daily active users. Additionally, the company's net revenue has seen a substantial 566% growth throughout 2023. Amit Monheit, CEO and co-founder of Odeeo, expressed enthusiasm for the partnership, stating, "The addition of Atinum Investments to our investor base is a testament to our shared vision for the transformative power of audio in gaming." Monheit further emphasized the strategic value of Atinum's expertise and market presence. Sang-Ho Park, managing director of Atinum Investments, highlighted Odeeo's high growth potential, citing its unique blend of innovative technology, talented personnel, market traction, and scalability as key factors in their investment decision.