JiWire Lands $20,000,000 Series C Funding

  • Feed Type
  • 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
  • Venture Investor
    Trident Capital
  • Venture Investor
    Comcast Interactive Capital
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Panorama Capital

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