Ground Truth, a Seattle, Washington-based mobile measurement firm, has raised $7m in Series B financing. Emergence Capital Partners and OPENAIR Ventures joined existing investors Steamboat Ventures and Voyager Capital in the round.
The transaction brings Kevin Spain, principal at Emergence Capital Partners, to Ground Truth’s board of directors.
The company, which delivers mobile intelligence required for operators, advertisers and publishers to measure, optimize and grow their businesses. plans to use the capital to expand its operations in the United States and internationally.
The firm, which launched publicly less than three months ago, has already signed dozens of clients and data provider partners including mobile operators, publishers and mobile infrastructure providers.
Ground Truth’s board of advisors includes executives from Hitwise, comScore, Razorfish, Yahoo!, Donovan Data Systems and Audience Science.
FinSMEs
27/04/2010