Jumptap Takes In $20M More for Mobile Ads

4/1/11Follow @gthuang

The mobile company financings continue around town. Cambridge, MA-based Jumptap, a mobile advertising software firm, has raised about $20 million in equity financing out of a total offering of $27.9 million, according to an SEC filing today. The investors in the round were not disclosed, and Jumptap hasn’t confirmed the funding amount yet. We’ll update this story when we get details from the company. The news was reported earlier today by Mass High Tech and TechCrunch.

Jumptap, which makes software for delivering targeted ads to mobile devices through an advertising network, inked a partnership last year with Japanese firm cyber communications (cci). The deal included an unspecified strategic investment from cci.

Jumptap was founded in 2004. The firm raised a $26 million Series D round in 2008. Its previous investors include General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, WPP, and AllianceBernstein. Last September, Jumptap announced it had brought on George Bell from General Catalyst as its new CEO, succeeding Dan Olschwang.

The latest financing news for Jumptap comes on the heels of significant venture rounds raised by three other Boston-area mobile firms, all announced in the past week—Apperian, Mobiquity, and Movik Networks.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @gthuang

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