zeotap, a Berlin, Germany-based technology company that allows telecom operators to activate and monetize their data assets, raised US$6.4m in Series A funding.
Backers included Capnamic Ventures, Iris Capital, Michael Halbherr, Steffen Roehn, Devin Guan, Peter Scheufen, the HitFox group and other angels.
The company intends to use the funds for international expansion as well as for growth of its global technology centre in Bangalore, India.
Led by Daniel Heer, Co-Founder and CEO, and Projjol Banerjea, Co-Founder and Chief Product Officer, zeotap provides a carrier-grade platform that makes deterministic data sets available to the mobile advertising market. The company also ensures compliance with strict privacy legislation and zero data leakage for operators. It works with publishers and supply-side platforms to optimize yield as well as advertisers and demand-side players to make ad buying more efficient.
Current clients include some of the largest telecommunications companies in Europe and Asia.
zeotap is recruiting to engineering and product management roles in Bangalore which will serve as the company’s global technology centre.
Banerjea will move to Bangalore to oversee the company’s presence in India.