Deal

Ad video platform Vungle raises $6.5 million

Date Type Companies involved Size
August 15th, 2013 investment Crosslink Capital
Vungle
$6.5m
Ad video platform Vungle raises $6.5 million

Video ad platform Vungle has raised $6.5 million in its Series A funding round.

It was led by Crosslink Capital with participation from existing investors.

This brings the company's total funding to $8 million.

In conjunction with the announcement,Vungle also revealed its ad network has received over 2 billion view since launch.

Lights, action

Running across iOS and Android, Vungle enables developers to embed 15 seconds of HD video into their content.

Companies using the service include Cut the Rope developer ZeptoLab.

"Vungle has the most attractive video format on the market, which has allowed us to easily monetize Cut the Rope in a way that complements our engaging UX and widely-beloved content," said its CRO Diana Moldavsky.

Clash of trends

"Mobile video advertising is at the center of two huge trends - people spending more time on mobile than on TV or computers, and mobile users becoming increasingly sophisticated and demanding experiences that involve sound and motion - not just static banners," said CEO Zain Jaffer.

"As the leader in in-app video advertising, Vungle gives app developers and publishers the tools to capitalize on those trends. We want to enable developers to monetize by providing users with amazing mobile video experiences."

[source: Vungle]


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.

Comments

2 comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Darius Tan
darius.tan at
Darius Tan
We'd love to tell you more about some of our awesome publishers are capitalizing on our friendly UX and making a bit of money to boot. Feel free to contact me at darius.tan [at] vungle.com for more info.