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GPS obsessed

29 May 2013

AdMob raises $12.5 million more for mobile advertising

admob logo AdMob raises $12.5 million more for mobile advertising

Mobile advertising provider AdMob has raised $12.5 million in a Series C extension, bringing the company’s total Series C investment to $28.2 million.

The funding was provided by Draper Fisher Jurvetson’s Growth Fund and Northgate Capital.

AdMob says it will use the extension cash to expand further into the global market, hiring local staff in key areas like Japan, India, South Africa and Western Europe.  It’ll also develop new language interfaces, invest in improving its ad-serving platform, and increase the breadth of its sales and business development team in the United States.

dec 2008 metrics us operating system share by month 1024x631 AdMob raises $12.5 million more for mobile advertising

The company has grown exponentially over the past year, mainly due to serving ads within 3G iPhone applications and websites.  It works with other mobile platforms as well, including Android, a development just recently announced.  In December 2008, AdMob served 6.3 billion ads, up from 2.0 billion in December 2007.

The company has raised a total of $47.2 million.

via admob

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