Ubimo, a Tel Aviv, Israel-based developer of mobile audience targeting solutions, raised $2m in seed funding.
The round was led by Pitango Venture Capital, with participation from serial entrepreneur and angel investor Eyal Gura. In conjunction with the funding, Rami Beracha, Managing General Partner at PItango joinsed Ubimo’s Board.
The company intends to use the funds to scale up its product offerings and grow its sales presence in the U.S.
Led by CEO Ran Ben-Yair, COO Gilad Amitai, CTO Oded Poncz, and Creative Director Udi Graff, Ubimo provides a solution that allow advertisers to understand location data to provide better services and content at the right time and serve less ads.