SoftBank invests USD 200 mln in InMobi

News Wireless Global 15 SEP 2011
SoftBank invests USD 200 mln in InMobi
Japanese operator Softbank has invested USD 200 million in mobile advertising network InMobi. The funding will take place in two tranches of USD 100 million, this month and in April 2012. Softbank joins existing investors Kleiner Perkins Caufield & Byers and Sherpalo Ventures. The USD 200 million investment will enable the company to expand its advertising network as well as in mobile payments using its service SmartPay and in HTML5 media production and distribution using the recently acquired Sprout platform.

Categories:

Mobile

Companies:

Softbank,  InMobi

Regions:

Global

Countries:

Japan

Tags:

e-Payment, Wholesale, Advertising services, Financial funding

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