Jumptap Completes $27.5M Financing

Jumptap, a Cambridge, MA-based provider of targeted mobile advertising solutions, completed a $27.5m financing.

Backers include:
– existing investors General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners, and WPP;
– new investors Keating Capital and another undisclosed shareholder.

The company intends to use the capital to invest in product and technology development and prepare for a public offering.

Led by George Bell, CEO, Jumptap uses its technology portfolio, as well as partnerships with third- party data providers, to understand mobile audiences and provide intelligent targeting with scale. It reaches 107 million mobile users in the U.S. and 156 million mobile users worldwide.



Join the discussion