AdMob Reloads With $15.7M

Medford, Cassimir
October 2008
Red Herring;10/22/2008, p2
Trade Publication
The article reports on the venture capital funding received by mobile advertising specialist AdMob. The company received $15.7 million from two of its venture capital investors. Due to the cash injection, AdMob has received a total of $34.3 million in investment. AdMob acts as a commercial meeting place for mobile web sites owners and advertisers. It offers web site publishers a way to make money from advertising and advertisers a way to reach customers via mobile devices. It presents the outlook of analysts on the mobile advertising market.


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