Mobile Ad Network @Jumptap Raises $27.5 Million, Looks to IPO #SarahFrier @Bloombergnews @resilient_ent

Jumptap Inc., a mobile advertising network that competes with Google and Millennial Media, said today it raised $27.5 million, which will be used to improve its products and technology ahead of an initial public offering. It’s the seventh round of funding for the 7-year-old company, which has raised a total of $121.5 million, according to Jumptap. The latest round included previous investors General Catalyst Partners, Redpoint Ventures, Summerhill Venture Partners, Valhalla Partners and WPP, as well as new investor Keating Capital, as reported on Bloomberg.com’s Tech Deals blog. 

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Benny quetell  resilient media entertainment  @resilient_ent  venture capital

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