Birmingham, West Midlands, United Kingdom – Covatic, a leading software development company specializing in private-by-design, addressable advertising solutions, announced today that it has successfully raised $5 million in a Series A funding round. The investment was led by Comcast Ventures, Praetura Ventures, and Creative UK, underscoring the industry's confidence in Covatic's groundbreaking technology and its potential to reshape the advertising landscape.

Covatic's proprietary ID-less, privacy-first technology empowers media companies to deliver personalized, targeted advertising while ensuring the protection of user data. With their innovative and highly scalable ad solution, Covatic is enabling media companies to achieve maximum reach and return on investment, while also building trust with their high-value audiences. The company's commitment to privacy and commercial integrity sets a new standard for the industry, establishing Covatic as a pioneer in the field of addressable advertising.

"We are thrilled to have secured $5 million in funding for Covatic's Series A round," said Nick Pinks, Founder of Covatic. "This investment is a testament to the strength of our technology and the confidence that our esteemed investors have in our vision. With this funding, we will further accelerate our growth, enhance our product offerings, and expand our footprint in the global media market."