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July 11, 2011 11:32 pm GMT

Mobile Ad Network Mojiva Raises $25 Million

Mobile ad network Mojiva has raised $25 million in new funding, according to an SEC filing. Prior to this round, Mojiva has raised $10.3 million from Bertelsmans Digital Media Investments, and Pelion Venture Partners. Mojiva develops a self service ad platform that allows advertisers and publishers to manage mobile ad campaigns. Founded in 2008, the company currently works with more than 3,000 advertisers and publishers, and its network serves 190 countries and reaches over 100 million users worldwide. The company's publishers include ABC, Univision, TMZ, and the International Business Times.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0tJGepyS01c/

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