Mobile ad co Amobee nears close of financing round

Cisco Ventures and Motorola Ventures are leading the $22 million round.

Sources inform ''Globes'' that mobile advertising content provider Amobee Ltd. is about to close its third financing round at $22 million. Cisco Ventures LLC and Motorola Ventures are leading the round, alongside current investors Vodafone plc (NYSE; LSE: VOD) and Telefonica SA (NYSE; IBEX:TEF; LSE:TDE), Accel Partners and Sequoia Capital

The company raised $5 million earlier this year and will have raised a total of $52 million when the present round is completed. The company was founded in 2005 and has developed an advertising campaign management platform that converts ads into relevant mobile formats: video clips, music, MMS, SMS, and games.

Published by Globes [online], Israel business news - www.globes-online.com - on August 6, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס