Pacific Ads Group is the first operator of online marketplaces in the Pacific nations, with a focus on the car classifieds market. Founded in 2016, the company has rapidly established itself as the number one and fastest growing car classifieds websites network in the Pacific region. Currently operating in Timor-Leste (www.timorcarsales.com), Papua New Guinea (www.pngautos.com), Fiji (www.bulacars.com), and the Solomon Islands (www.solomonscars.com), Pacific Ads Group covers a population of more than 11 million people.
With its recent Seed Round investment on 13 December 2018, the company is poised for further expansion into additional markets. Its target industries include advertising and real estate. Although the information about the specific investors of the last investment round is not available, the company's growth potential in the Pacific nations is attracting attention from venture capital and investment firms seeking opportunities in emerging markets.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | Unknown | - | 13 Dec 2018 | |
Grant | Unknown | 1 | GSMA Ecosystem Accelerator | 01 Nov 2018 |
No recent news or press coverage available for Pacific Ads Group.