Venue
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
VenueX is an Istanbul-founded AI startup that bridges online ads with in-store sales, enabling retail brands to manage digital advertising across Google, Meta, Apple, Yandex and TikTok through a unified interface. Founded in 2022 and led by co-founder and CEO Kursad Arman, it launched its product in April 2024 after 18 months of R&D, reaching 25 paying clients with 20x annual revenue growth.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
VenueX was founded in Istanbul to use AI to connect online advertising with in-store sales for retail brands.
- Product launch
After 18 months of research and development, VenueX launched its product in April 2024.
- Bridge funding
The company closed a $1.2 million bridge round led by Singapore-based Orbit Startups, with Re-Pie, Akkok and Akyasam participating, to expand in the Middle East and North Africa, particularly Dubai and Riyadh.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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