Jumptap raises $27.5M in funding
Jumptap, the leader in targeted mobile advertising, today announced the completion of a $27.5 million financing round. Existing investors including General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners, and WPP; as well as two new investors — Keating Capital and a large, institutional investor — participated in the round. The capital will be used to accelerate growth through additional investments in product and technology development and prepare for a public offering.