Mobile Ad Network MobGold Lands $12 Million

Authored by Mark Hefflinger on December 22, 2009 - 7:00am.

Hong Kong - MobGold, a Hong Kong-based mobile advertising network, announced that it has raised $12 million in its second round of financing, led by Fast Global Investments.

MobGold says its mobile ad networks reach across the U.S., U.K., Spain, South Africa, India, Indonesia and Thailand, to over 150 network operators.

The company will use the funds for product development, marketing and market expansion.

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