Jumptap Makes a Power Move in Mobile Advertising
Jumptap, one of the biggest providers of mobile advertising, has secured $25 million in anohter round of investment funding led by Redpoint Ventures. It's yet another signal of the era of mobile, fully underway.
"Jumptap is a strong and significant player in the world’s fastest growing new media," said Scott Raney, General Partner, Redpoint Ventures, and member of Jumptap's board. "The company has achieved scale and developed a market position around understanding mobile audiences, which we feel is very compelling. This vision, together with a superior leadership team, made this a tremendous investment opportunity for us."
Here's a closer look at Jumptap, by the numbers:
- Each month, the Jumptap network reaches 83 million consumers -- up 30 percent from last year.
- Jumptap has partnered with more than 10,000 sites and apps.
- Jumptap has received over 10 billion ad requests in April, 2011.
"Our focus on leading mobile innovation through technology and services underscores our long-term vision and commitment to delivering the best solutions for advertisers and publishers," said George Bell, CEO of Jumptap. "We are well positioned to capitalize on the momentum in the mobile marketplace and continue to see impressive growth across all measures."