Thomvest Ventures leads $17 mln Series B financing of Vungle
In-application mobile video advertising platform Vungle Inc has raised US$17 million in a Series B financing round. The deal was led by Thomvest Ventures, the US$250 million venture capital fund of Canada's Peter Thomson. Other participants in the round included existing investors Crosslink Capital, Google Ventures, AOL Ventures, SoftTech VC and Webb Investment Network. Funding proceeds will go toward building a suite of monetization tools for mobile app developers, including the first-ever in-app mobile video ad exchange, the company said. Founded in and venture-backed since 2011, Vungle is based in San Francisco, California.
10 February 2014•3 mins read
