Nexage, the US-based creator of a mobile advertising exchange, has launched a Series C fundraising round, CEO Ernie Cormier has told Boston Business Journal.
The company has already raised $19.5m since its formation, according to SEC filings. Nexage received $15m in a series B round led by SingTel Innov8, the corporate venturing unit of Singapore Telecommunications, in June 2012, after raising $4m in series A funding from Grandbanks Capital and Blackberry Partners Fund in October 2009. In August 2008 an undisclosed Angel investor funded Nexage to the value of $500,000.
Headquartered in Boston, Nexage enables publishers and developers to accelerate their revenue growth and allows real-time buyers to target and buy the audience they need when they need it to deliver successful campaigns. Its mission is “to convert that market opportunity to real results for our customers, both buyers and sellers.”
Nexage aims to raise the funding in about two months, and will use it to fund continuous growth.