JumpTap Lands $26 Million for Mobile Search, Advertising

Authored by Mark Hefflinger on August 26, 2008 - 7:15am.

Cambridge, Mass. - JumpTap, a provider of mobile search and advertising services, announced on Tuesday that it has raised over $26 million in its fourth round of funding, led by AllianceBernstein.

All of the company's previous investors also participated, including General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners and WPP.

Founded in 2004, Massachusetts-based JumpTap reaches over 150 million mobile subscribers through partnerships with 17 mobile operators and numerous content publishers.

The company has created mobile portals for customers including AT&T, and sells mobile ads for clients such as NBC.

JumpTap will use the new funds for further product development, and to continue expansion of its global ad sales and operations divisions.

The company has now raised a total of about $73 million.

 

Related Links:
http://www.marketwire.com/press-release/Jumptap-NYSE-AB-893224.html

http://www.jumptap.com

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