NEWS19 August 2013

Apsalar completes $9m funding round

Financials North America

US — Mobile advertising and analytics company Apsalar has closed a $9m series B round of financing.

The funding round was led by DCM with participation from Correlation Ventures and existing investors including Thomvest Ventures and DN Capital and the company said the finance woiuld be used to increase head count and deepen its technology beyond its advanced ad targeting and mobile analytics capabilities.

Apsalar CEO and co-founder Michael Oiknine said: “We look forward to continue to innovate on behalf of the rapidly growing customer base of leading brands and agencies that we work with, as we continue redefining the mobile advertising space towards measureable, ROI-driven marketing.”