SingTel Innov8 leads US$10M investment in Boston-based mobile ad exchange Nexage
June 7, 2012 by Terence LEE
Mobile ad exchange Nexage has received US$10 million of Series B funding led by SingTel Innov8, the venture capital investment arm of SingTel.
Prior investors Relay Ventures and GrandBanks Capital also joined this round, bringing the total raised by Nexage to US$14.5M so far.
Nexage will use the investment to build its products and technology, add sales staff and possibly expand its ecosystem of buyers and sellers. More than 300 publications and developers, as well as 150 ad buyers user Nexage’s real time bidding system to secure mobile display inventory. Read more
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