EDBI leads $7m financing round into mobile ad firm
Singapore-based EDB Investments (EDBI) has led a $7 million round of institutional funding for mobile advertising aggregation firm Smaato, with existing shareholders including PE firm Aeris Capital also participating in the financing.
According to California-headquartered Smaato, the capital will be used to fuel the company's international expansion - namely increasing its presence across the Asia region - and grow its staff. The company...
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