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Apptera Raises $10.5 Million Venture Capital Funding
Mobile advertising marketplace Apptera has announced that they have raised a new round of funding to the tune of $10.5 million. The funding round was led by existing investors Lightspeed Venture Partners, Alloy Ventures, and Walden International.
The company last raised funding in June 2007 with a Series D of $9.74 million. To date the company has raised more than $33 million. Apptera notes that the funding will be used to fuel growth of the company’s voice and visual mobile advertising network. Apptera is based in California with an office in New York City as well.
In other news, Apptera has also announced the appointment of former Yahoo! senior executive David Karnstedt to its board of directors.
MG over at VentureBeat has more info on the funding.
