InMobi Secures $8,000,000 Series B Financing

  • Feed Type
  • Date
    7/13/2010
  • Company Name
    InMobi
  • Mailing Address
    Undisclosed San Mateo, CA 94404
  • Company Description
    InMobi, one of the fastest growing global mobile advertising network, delivers the best results to its partners through its intelligent mobile advertising solutions. The advanced technology enables advertisers to discover their target audience on mobile internet sites in a measurable manner. Publishers can leverage the capability to serve contextual ads to the users of their sites, thereby increasing the value of their mobile property. InMobi’s vast reach coupled with the precision of the mobile medium provides the optimal platform for advertisers and publishers to take advantage of mobile advertising.
  • Website
    http://www.inmobi.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    With this new round, InMobi will focus on its recent US expansion, launch in Japan and continue to grow existing operations in Europe, Asia Pacific, and Africa. The company will also double its engineering staff to further enhance its mobile advertising technology platform globally.
  • M&A Terms
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Sherpalo Ventures

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