AdNear, a Singapore-based mobile advertising platform, raised $19m in Series B funding.
Backers included Telstra Ventures and Global Brain and existing investors Sequoia Capital and Canaan Partners.
The company intends to use the funds to expand into additional markets.
Founded in 2012 by Anil Mathews, CEO, AdNear provides an intelligence platform that leverages location and context to power data driven marketing for advertisers to reach a 530+ million users in the regions it operates including across Australia, South East Asia, Japan and India.
It is used by more than 100 marquee brands such as P&G, Woolworths, Audi, Unilever, BMW, Vodafone, Ford, Samsung, Ikea.
28/11/2012: AdNear Raises $6.5M in Series A Funding