AdMob raises 12.5 Million in series C extension funding

Max — Thu, 29 Jan 2009 16:45:53 +0000

AdMob was the center point of the mobile news recently. We have recently mentioned that they just closed round B funding and today they announced to close additional 12.5 million round C funding lead by Draper Fisher Jurvetson’s (DFJ) Growth Fund and Northgate Capital. This bring the company funding to the total of $28.2 million. Being able to raise so much money in such a short period of time, especially in this economic downturn, says a lot about investors belief in the company.

While being profitable, the company lists the following reasons to recent funding series, mainly to allow future grown in this economic downturn, which hit especially hard the advertising businesses:

“We believe that now is a critical moment for us to cement our leadership position by making the investments that will help us to come out of this challenging economic environment even stronger than when we went in. As mobile Web and application usage continues to grow rapidly worldwide, and smart phones – from the iPhone to the G1 – gain in market share, we see a real opportunity to expand the mobile advertising market.”

Mobile Startups are Blooming in Boston

Max — Fri, 16 Jan 2009 18:14:33 +0000

It looks like if you got a cool idea in the mobile space – Boston is THE place to be. Mobile Monda Boston reports that the investments for mobile startups have been climbing up in the Boston area despite the limping economy.

“Investors put $565 million into local companies focused on mobile and wireless technologies during 2008, a big jump from the previous year, a new report said.”

Mobile Boston base companies (incomplete list):

Ulocate
vlingo
MocoSpace
SkyHookWireless
SnapMyLife
.mobi (mobile internet made easy)

AndroidZ.info Android Mobile from A to Z » funding

AdMob raises 12.5 Million in series C extension funding

Mobile Startups are Blooming in Boston