Australia venture capital firm TEN13 and the Queensland Investment Corporation (QIC) have invested $3 million into advertising technology platform, Cartelux, which is based on the Sunshine Coast.
Cartelux says the investment will support the company’s continued growth and further development of its software solutions for the advertising industry, as well as expansion into additional categories.
Its’s target market includes global brands with geographically spread retail networks or franchisees, requiring localised marketing campaigns to reach their customers.
Cartelux offers an automated marketing platform that manages the relationship between big brand owners and their downstream local retail partners, enabling improved marketing efforts.
The company has invented software that allows advertisers to target and optimise their ad campaigns. It has gained strong adoption in the global automotive industry, with brands such as Ford, BMW, Nissan, Toyota, Renault, Honda, and Mini utilising the Cartelux product.
“Working with TEN13 and QIC from our headquarters in Queensland is an honour, and their support allows us to accelerate our growth and elevate Cartelux to new heights,” Cartelux founder Joshua Williams says
“Their expertise and support will be invaluable as we continue to expand our platform and reach new markets. We are excited to team up with TEN13, QIC and additional investors like Tractor Ventures to form a global SaaS business founded in Australia. This team also gives us an experienced and professional starting point for future funding rounds.”
“We are excited to partner with Cartelux and support their vision of transforming the adtech industry with innovative software solutions for brands and their underlying franchisees. Cartelux is driving remarkable results for brands, cementing their position as a leading platform for centralised digital marketing across large networks. We also see tremendous growth opportunities beyond the Automotive Industry,” TEN13 managing partner Stew Glynn says.
Queensland Treasurer Cameron Dick says the Queensland Government’s investment will support the expansion of Cartelux’s sales, engineering and product teams on the Sunshine Coast.
“Helping companies like Cartelux take the next step in growing their business is exactly why our Government established the Enterprise Acceleration Fund. Taking a simple solution to a global scale is a big step, but Cartelux have demonstrated the Queensland ingenuity that deserves our backing, through the Queensland Investment Corporation,” he says.
Cartelux is entering a new phase right now after adding the Americas and Africa to its global footprint. The company will expand into additional categories in the second part of the year, as in an ever more competitive market environment, more and more global brands are looking for simple ways to create brand compliant, regionally targeted, and engaging digital advertising campaigns at scale. The Cartelux software allows automating and regionally tailoring the ad creation, approval, and media buying processes across local, national, and international retail networks.
Cartelux is part of the automotive industry’s evolution in creating digital marketing strategies. The web and social media channels have become instrumental in building brand awareness and fostering customer relationships through compelling content and interactive campaigns while ensuring brand compliance around the globe. Advancements in data analytics and AI enable Cartelux clients to leverage customer insights and personalise marketing efforts, ensuring more relevant and targeted messaging.
“Creating and managing digital marketing for global brands is a time and cost-consuming process,” Cartelux head of marketing and partnerships Kristin Harder says.
“Setting up, personalising, localising and launching a digital ad campaign for retail networks at scale is resource intensive and complex with a single campaign taking weeks to bring to market. Once onboarded, brands and retail networks can use the Cartelux platform to create professional, brand compliant, and hyper-local digital marketing campaigns in just 60 seconds.”
In the first quarter Ford Motors Thailand dealerships which had not previously invested in digital marketing created a total of 234 hyperlocal campaigns on search, display and YouTube. Running campaigns in tandem between Ford Thailand and its dealer network outperformed siloed activity by a factor of three.
