Millennial Media–Get new revenue sources in mobile advertising ,Got VCs funding

By Vineet at November 16, 2009 | 10:28 pm | Print

Millennial Media–Get new revenue sources in mobile advertising ,Got VCs funding

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What Company Is Offering:

Millennial Media allows you to reach your goals by offering the richest set of tools. Whether you are looking for reach, engagement, leads or actions – it deliver a suite of both rich and fundamental solutions required to meet your unique needs.Millennial Media offers superior monetization for publishers of mobile content and applications. Since the birth of the mobile advertising industry, thousands of mobile content publishers have partnered with Millennial Media due to an enhanced brand focus and an opportunity to drive new revenue sources.

How Much It Got From VCs:

It has got $16m new round VCs funding which is led by New Enterprise Associates with earlier investors Bessemer Venture Partners, Columbia Capital, and Charles River Ventures participating.

How This Company Will Use New VCs Funding:

It will try to enhance and capture the enormous growth of the mobile display advertising business .They will particularly supporting the company’s 2+ year successful efforts in Europe by expanding its London presence .It will also attract world class talent in the engineering and sales organizations. The company is planning to make new technologies, data and insights to bring the full potential of mobile to advertisers.

More at:http://www.millennialmedia.com/

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