Producer of video content for web site publishers, Pepsia will use its recent three million euros in funding to reinforce its growth. After a strong start in France, the young company from Pérols is expanding into the European market.
A dozen job openings
Pepsia’s video player provides companies with a turn-key offering – comprising a vast catalog with thousands of information videos on 119 themes and a monetization solution – in exchange for sharing revenue earned from advertisements viewed with those videos. The main target for the offering is sites whose audience ranges from 100,000 to 10 million monthly visitors, “large enough to interest advertisers but still too small to have the required skills in-house.” Pepsia current has about 200 clients and 100 million views per month.
“While video advertising is the most profitable format for media and service site publishers, 90% of those companies don’t have any on their pages,” explains CEO David Nicolas.
The startup is hiring both sales staff and journalists to reach new clients, enrich its catalog, and adapt its offering for German, Spanish, and Italian markets. Pepsia plans on doubling its 14-person staff by the end of 2019. The company is also seeking larger office space in the Montpellier area.
“We have also had three people based in Paris since mid-August,” adds David Nicolas. “We are targeting sales of 2 million euros for 2019.”
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