I also understand the exit represents a 50x multiple for Makers. The deal sees the return of its entire fund so far, and, arguably, is validation that the company builders lean model is working, albeit modestly.
It both creates new startups from scratch, including recruiting suitable co-founders from its network, as well as pre-seed investing in existing businesses that can also benefit from Makers in-house operational support. IconPeak and Bidderplace, founded in 2013 and 2015 respectively, fall into the first category.
Specifically, IconPeak Makers first startup after the company builder got set up helps publishers monetise their ad space by promoting in-demand apps from its more than500 or so app developer and brand partners. They in turn benefit from the placements and channels to whichIconPeak offers access, with the aim of growing an apps user database engagement.
Im told the Berlin-based company, co-founded along with Makers by Gunnar Kmpgen and Felipe Ogibowski, currently employs over 30 people and works for clients in over 100 countries.
Subsidiary Bidderplace is described as a mobile performance marketing network and brings together publishers and advertisers via a self-service model. It currently employs 15 people and works with clients from over 30 countries.
Originally published at: https://techcrunch.com