S4M to Capitalize New Series B Funding to Close the Offline and Online Advertising Divide
S4M, a global AdTech MarTech company specializing in drive-to-store campaigns, has announced that it has raised $12 Million in a Series B round from Sofiouest with participation from existing investors Bpifrance and Entrepreneur Venture.
Series B Funding Likely to Bridge Online and Offline Investments by Delivering Real-World Metrics
E-commerce remains a critical channel for brands and retailers to generate sales. However, 90% of worldwide consumer transactions are still taking place in physical points of sales. Traditional media channels like radio, out-of-home, and print advertising are estimated at $365 Billion USD this year, combined with digital ad spending worldwide, valued at $266 Billion USD.
Currently, S4M brands their technology as ‘Shopper Marketing Made Easy’. S4M, as a global mobile advertising technology provider, connects brands to consumers by bridging the gap between digital advertising and the real-world.
Despite the continued growth in both channels, attribution models to evaluate true returns on media investments are lagging behind. FUSIO by S4M, the company’s technology platform, aims to bridge online and offline investments by delivering real-world metrics attributed to digital advertising campaigns. The platform displays foot traffic into stores in real-time, hence enabling data-driven online optimization to maximize the overall campaign performance.
Each year, S4M delivers more than five thousand campaigns to demonstrate digital advertising efficiency for its clients by measuring real-world store visits following online exposure.
The latest Series B funding comes barely months after the company launched their platform, FUSIO by S4M, in February this year. This year, with a product launch and funding round, S4M is focusing at SaaS and will now accelerate their technology developments with an ambitious focus on proprietary real-time features to measure traffic and sales into stores. This funding is part of Bpifrance’s Investments for the Future Programme (Programme d’investissement d’Avenir) from its dedicated Digital Ambitions Fund (Fonds Ambition Numérique).
FUSIO by S4M Is the Advertising Platform with the Most Independent Third-Party Measurement Integrations in the Market
S4M’s proprietary technology was created towards the end of 2011 by Christophe Collet, after his first start-up Adenyo, was sold to Motricity in a US $100 Million deal. Today, the French start-up has expanded into an international group with eight offices worldwide and 160 employees. The company works with global brands including Renault, L’Oréal, Pernod Ricard, Subway, and Levi’s, as well as leading global media agencies.
Stanislas Coignard, Americas CEO of S4M, said, “FUSIO by S4M is the advertising platform with the most independent Third-Party Measurement integrations in the market. Our store visit metrics are delivered by various partners to ensure that we are not judge and jury on our campaign results and effectiveness.”
Stanislas added, “Clearly the industry is shifting paradigms in terms of attributing media ROIs and this new funding will allow us to be at the forefront of this disruption.”
Dynamic Catchment Areas and Further Proliferation into AI-driven Products for Mobile AdTech and Attribution Models
In addition to displaying incremental store visits in the platform as a direct result from the online impressions, the company recently launched Dynamic Catchment Areas (DCA). This is a unique feature to power drive-to-store campaigns by geotargeting users based on their brand affinityand travel distance into a store on foot or by car. This Series B funding will continue to fuel technology development with a focus on expanding the platform’s AI-based features and growing sales in the United States. Ultimately, S4M has set their sights on going beyond store visits to eventually measuring and displaying consumer purchases in stores directly on the platform in real-time.
Tom Cijffers, Chief Client Officer-USA at MediaCom, said, “Technologies that can attribute and optimize digital campaigns based on real-world measures, such as store visits, mark a major shift for the advertising industry. Brands and advertisers can be more confident that their digital investments align with their ultimate business objective – generating more sales. Financial investment in this space, to improve accuracy and quality, will be welcomed by the advertising community.”
S4M is projecting a revenue target of US$100 million by 2020. “Digital innovation is at the heart of our investment strategy,” explains Patrice Hutin, CEO of Sofiouest.
Patrice added, “Drive-to-store solutions define the future of retail and we are confident that S4M and its technology, FUSIO, will be a worldwide game changer in the industry.”
Existing investors, Bpifrance and Entrepreneur Venture add, “We are excited to continue our support for S4M, this time in partnership with Sofiouest. In these past years, S4M’s management has proven their ability to achieve both their technical and commercial roadmaps together with an international expansion.”
S4M created a mobile-first technology that is unique in the industry to be accredited by the MRC (Media Rating Council) on the entire mobile user journey. The platform empowers brands with full transparency and control in their mobile data supply chain from mobile programmatic buying to consumer conversion in apps, mobile sites, and physical points of sales.