US mobile advertising and analytics outfit Apsalar has closed its Series B funding round.
It raised $9 million from DCM, with participation from Correlation Ventures and existing investors including Thomvest Ventures and DN Capital.
It previously raised $5 million in September 2011.
DCM has more than $2 billion under management and has previously invested in social messaging outfit Kakao, Chinese mobile developer Happy Elements, and MMOG developer Trion Worlds.
Apsalar will use the money to increase its head count across all departments, further develop its technology and aggressively expand its marketing and sales.
Sitting in the sweetspot
Apsalar combines its expertise in analytics and behavioural targeting - fuelled by data gathered from 800 million app users - with its centralised mobile demand-side advertising platform.
This combines over 70 ad networks and real-time bidding exchanges.
"There is a tangible need in the market right now for high-ROI mobile user acquisition, and we are excited to be able to fill that need," said Michael Oiknine, Apsalar's CEO and co-founder.
"Apsalar is unique in its ability to identify high value and highly engaged mobile users, and is the only company that combines real time mobile analytics with attribution and a mobile DSP with first party data," commented DCM partner Osuke Honda.
Deal
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |