logo
logo
7-Day Free Trial

Get 7 days FREE access to ALL funding rounds in real-time

Start your free trial now - no credit card required. Get real-time alerts, AI-matched leads, and our proprietary scoring system.

✓ 7-day free trial with FULL access • ✓ Real-time Chrome & Slack alerts • ✓ Companies & Industries dashboard

Your 7-day trial includes:

✓ FULL Starter features

✓ Real-time data & alerts

✓ 10 AI-matched leads daily

No credit card • Full access • Cancel anytime

Nexad has raised $6 million in seed funding to provide advertising solutions for AI applications. The round was led by A16z Speedrun and Prosus Ventures, among other investors.

Apr 21, 20253 months ago

Amount Raised

$6 Million

Round Type

seed

Investors

Sequoia Capital's Scout FundPoint72 VenturesProsus VenturesA16z Speedrun

Description

Nexad, an adtech startup, secured $6 million in seed funding to enhance its advertising solutions for AI apps. The funding round was led by A16z Speedrun and Prosus Ventures, with participation from Point72 Ventures and Sequoia Capital's Scout Fund. CEO Jason Hu expresses confidence in a decentralized future for AI applications. With the backing, Nexad aims to become a prominent player in AI advertising.

Company Information

Company

Nexad

About

Nexad is an adtech startup developing a native advertising solution for AI applications. Founded in 2024, it aims to bring ads into conversations with AI chatbots. The company has onboarded seven AI companies to its network and is focused on generating smart text and image ads. Nexad operates a commission-based revenue model and leverages both open-source and proprietary algorithms for ad generation.

FundzWatch™ Score

69
Medium Activity

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers