MobGold Raises $12M Led by Fast Global Investments in Series B Financing

(Business News & Technology News, 30 Dec 2009)

MobGold, a platform provider in mobile advertising network and mobile transaction solutions, has announced that expansion-stage venture capital Fast Global Investments has made a strategic investment in the company's series B round of financing. The company plans to use the new investment for product development, marketing and market expansion.

"MobGold has made huge strides over the past year to solidify its position as a leading mobile advertising company," said Alan Chang, President and CEO, MobGold. "Fast Global Investments' venture in MobGold is strategically significant for the industry at large, and it validates the efforts we've made to make MobGold the thriving company it is today."

"We're committed to working with the world-class team at MobGold to help this company build upon its leadership position in the mobile advertising industry," said Qimie, Vice President and Investment Director of Fast Global Investments.

MobGold, a global player in mobile advertising has expanded into the US, the UK, Spain, South Africa, India, Indonesia and Thailand as of to date. Through the worldwide ad serving platform, MobGold Network serves targeted ads within its community effectively, making mobile advertising more efficient and cost effective for both publishers and advertisers.

MobGold