AdMob, the mobile advertising company which recently served its 1.6 billionth advert, has closed $15 million in series B funding.
The financing round was lead by Accel Partners but Sequoia Capital, a previous investor, participating as well. The funds will be used to develop the companies advertising solutions.
Rich Wong from Accel Partners commented:
Mobile Advertising is exploding as advertisers of all types learn to leverage the mobile medium. We’re excited to work with AdMob and believe that the AdMob platform and unique international footprint are ideally positioned to serve publishers and advertisers in mobile, and set the direction in this dynamic market.
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