Zeotap, a Berlin, Germany-based provider of a data platform for telecom operators, raised €12m in Series B funding.
Backers included New Science Ventures, HERE, Capnamic Ventures, Iris Capital and Seth Schuler (former SVP Strategy of T-Mobile US), Alex Pentland (Professor at MIT, co-creator of the MIT Media Lab and one of the most cited authors in computer science globally), Mark Grether (co-founder and former COO of Xaxis, the world’s biggest trading desk which is part of GroupM) and Thomas Duhr (board member of IAB Europe).
The company intends to use the funds to grow its team in the areas of engineering and data science in Bangalore and increase business development data on-boarding, data monetization and marketing efforts in Berlin, New York, Madrid and Milan.
Founded in September 2014 and led by Daniel Heer, CEO, and Projjol Banerjea, Chief Product Officer, zeotap, zeotap provides a global telecom data analytics platform that makes large-scale, deterministic data assets accessible to the digital advertising market and other industries. Data buyers can access to a variety of impactful data attributes, including socio-demographic, location, interest and deterministic mobile purchase intent signals, available from a single trusted source.
The company, which has received more than $20m in total funding to date, currently has offices in Berlin, New York and Bengaluru, with additional presence in Madrid and Milan.