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Shorooq Partners Backs Ad-Shield's $2M Pre-A Round.

Source: Ad-Shield

New York, NY - Ad-Shield, the AdBlock recovery technology company, has raised KRW 2.7bn ($2.02mn) in a Pre-A round with participation from Shorooq Partners.

Existing investors Bass Investment and Hashed also participated.

The New York-based company will use the new capital for hiring and global expansion as it continues gaining traction with international clients. 

With over 30% of users employing adblockers, Ad-Shield's solution has become increasingly relevant for publishers seeking to combat revenue losses. 

The company currently recovers over 1 billion monthly ads and reports 30% month-on-month growth.