The new funds will help fuel Smaato’s international expansion, in particular to extend its presence in Asia from its Asian headquarters in Singapore.
Saturday, January 29, 2011
Smaato Raises More Money for Mobile Ad Network, Especially in Asia
Smaato has gotten a new round of funding. Singapore’s EDBI led the $7 million round, with participation from existing shareholders including global private equity firm aeris CAPITAL.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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