The story
Adcash was founded in 2007 by Christophe Avignon and Thomas Padovani. Avignon and Padovani, who are originally from France, came to Estonia to establish the new company. The company was started with no direct funding, with the first sales agreements obtained through direct sales.
The Adcash Advertising Network was spun off as a separate company, Adcash OÜ, in 2011. It remained a subsidiary of Webinfluence Group AS from 2011 until 2022, after that, majority stake was acquired.
In 2012, the company's turnover was €11,7 million followed by growth in 2013 seeing revenues at almost €25 million.
In 2024, the company's turnover was 33 million euros - net loss 2.6 million euros, in 2025, turnover was 27.2 million - net loss almost 3.4 million euros.
From Wikipedia’s article on Adcash, shared under CC BY-SA 4.0.4