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Mobile ad network Jumptap Inc., of Cambridge, has pulled in almost $20 million of a planned $27.9 million equity financing, according to a regulatory filing.
The filing with the U.S. Securities and Exchange Commission does not indicate who the investors are in the funding. In December, however, founder and vice president of corporate development Jorey Ramer told Mass High Tech that the company had landed a “seven figure investment” and an exclusive business partnership with Japan’s cyber communications inc. At the time, Jorey would not say the amount of the investment. The business deal calls for cci to be the exclusive partner for Jumptap technology in Japan.
Other previous investors in Jumptap include AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP.
Founded in 2004, Jumptap raised $26 million in a Series D round of funding in August 2008.
Jumptap provides a mobile search and advertising platform aimed at helping subscribers find mobile-centric information on their cell phones, and carriers generate traffic.
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