True North Acquires Minority Stake In InMobi For $50-60 Mn: Report - BW Disrupt
Summary
True North acquired a minority stake in InMobi for about $50-60 million through secondary share purchases, with a small primary funding component included. InMobi is an adtech company that offers marketing and monetisation solutions for brands, advertisers, and publishers. The company is also preparing for a proposed $1 billion IPO and is redomiciling to India from Singapore. InMobi has already raised more than $774 million and recently saw founder investment and a partial stake repurchase from SoftBank.
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Functions
Marketing and Advertising
Advertising
Linked Companies
InMobi
$50M to $100M