Smaato Secures $7,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd760e02-5a0e-4be3-9fef-3b8cb73b3efc&Preview=1
Date
1/26/2011
Company Name
Smaato
Mailing Address
3 Lagoon Drive Redwood Shores, CA 94065
Company Description
Smaato Inc. is an ad-enabler for mobile phones, pioneering with its mobile advertising platform SOMA (Smaato Open Mobile Advertising) for the delivery of targeted mobile advertising. Smaato is partnering with international brands, advertising agencies, media companies, carriers and software developers for its cutting edge mobile advertising platform.
Website
http://www.smaato.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new funds will help fuel the company’s international expansion.
M&A Terms
Venture Investor
EDB Investments
Venture Investor
Aeris Capital AG