Wednesday, October 22, 2008

TC: AdMob Closes $15.7 Million Series C Round Led By Sequoia

"AdMob, a popular mobile advertising platform, has closed a 15.7 million Series C funding round led by Sequoia’s Growth Fund with participation from Accel Partners. The company says that it will use the money to help expand abroad in India, South Africa, and Europe.

The round is a strong vote of confidence from Sequoia, especially given the fact that the famous firm recently presented its portfolio company CEOs with a 56 Slide Presentation of Doom that forecast dire economic conditions in Silicon Valley for years to come.

AdMob has seen tremendous growth since its launch two years ago, and now bills itself as “the world’s largest mobile advertising marketplace”. Mobile advertising is clearly going to be a huge market in the next few years as highspeed smartphones become more common (you can see our story on the network’s integrations with the iPhone here). Phones with geo-location abilities are especially exciting, as they could conceivably allow advertisers to target potential patrons as they pass their stores or enter a nearby parking lot.

AdMob will be competing in this still-fledgling space with ad networks from the likes of Google, Nokia, and Yahoo, as well as a number of startups."

5 comments:

Anonymous said...

admob is obviously recession-proof.

how dumb does kleiner look now with slowing global growth and 60 dollar oil with their focus on cleantech and alternative energy

i guess one needs to take a very long view on investments especially capital intensive ones that will burn a whole through your hemp lined pockets

Anonymous said...

AdMob Makes Mobile Ads Suck Less. Will Give Away One Million Dollars Worth of Ads To iPhone App Developers. from a recent technology article

Anonymous said...

24/7 Customer3Com51.com51wan.com56.com7Strata A123SystemsAbrizioAccelergyAchates PowerActonaActuate AdBriteAdMobAdvanced PowerAfaraAgileAgitar Software AlantecAllegroAlpha & OmegaAltosAMCCAmobee Apnaloan.comAppirioApplabsAppleArdentAricent ArubaAsia MediaAspect DevelopmentAssured AccessAster DataAstra AtariATEQAtom EntertainmentAtWebAuspexAutoNavi

Anonymous said...

We will select up to 200 iPhone developers to receive $5,000 in AdMob advertising credit to acquire traffic for their web & native apps.

To be eligible to participate in the program you will need to register as an AdMob user (and opt in to the program) and set up iPhone ads on your web or native application.

We look forward to seeing all the cool things you've built!

Web Apps
Monetize your iPhone traffic by serving AdMob for iPhone ads on your web app or site designed specifically for the iPhone. AdMob for iPhone ads are optimized for the iPhone environment, resulting in the best user experience & performance. AdMob for iPhone gives you control & transparency into the ads appearing on your site, with our thorough approval process & comprehensive reporting.

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