Mojiva Closes $7M Venture Funding
Summary
The round was led by UV Partners and includes existing investors Bertelsmann Digital Media Investments, the venture capital arm of the international media company Bertelsmann.In its first round in 2008, Mojiva raised $3m, primarily from Bertelsmann.The financing will allow for the global expansion of both the company’s ad serving platform and display ad network, in the face of growing demand from marketers seeking to engage consumers via mobile devices.According to a recent Gartner study, mobile ad spending is expected to surpass $13 billion by 2013.Founded in May 2008 and led by a team of advertising and digital media veterans, Mojiva has seen rapid growth over the past two years.
Funding
Amount
$7.0M
Total raised
Date
April 29, 2010
Announcement date
Investors
-
Lead investors
Company
http://www.mojiva.com
Funded company
Classifications
industries
Manufacturing Industry
applications
ERP & Process Management
AskAI Classifications
Labels
Ad Tech Software
SaaS
Programmatic Advertising Platforms
Linked Companies
PubMatic
$100M to $250M