JiWire Lands $20,000,000 Series C Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ec4b205c-948e-4859-be3e-15c526f90ef4&Preview=1 -
Date
5/6/2011 -
Company Name
JiWire -
Mailing Address
220 Sansome Street 4th Floor San Francisco, CA 94104 -
Company Description
JiWire is the leading mobile broadband advertising network, delivering premium, location-driven advertising on Wi-Fi and WiMAX networks. JiWire enables the mobile broadband ecosystem (wireless ISPs and device manufacturers) to monetize public mobile broadband access by delivering location-aware advertising as a form of connection currency. -
Website
http://www.jiwire.com -
Transaction Type
Venture Equity -
Transaction Amount
$20,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The new capital will be used to aggressively extend JiWire’s leadership position in location-based advertising. The areas of growth include broadening its investment in new ad technology and products, pursuing additional M&A opportunities, such as its recent acquisition of NearbyNow, and further expanding internationally, having already entered the U.K. market last year. -
M&A Terms
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Venture Investor
Trident Capital -
Venture Investor
Comcast Interactive Capital -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
Norwest Venture Partners -
Venture Investor
Panorama Capital
