AdMob raises USD 12.5 mln in third funding round
Thursday, 29 01 2009 19:57
(Telecompaper) AdMob has secured USD 12.5 million in Series C funding from Draper Fisher Jurvetson's (DFJ) Growth Fund and Northgate Capital. This gives the company a combined USD 28.2 million in Series C funding, which it intends to invest in mobile advertising products.
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The company plans to hire local staff in key markets and adding new language interfaces, with an emphasis in Western Europe, India, South Africa and Japan; deepen investment in the company's mobile technology platform, including its targeting, optimisation and ad serving algorithm; and expand offerings for publishers and advertisers.


