AdMob raises $15.7 million

24 Oct 2008

Mobile advertising marketplace AdMob has raised $15.7 million while going cash flow positive. The Series C investment round was as led by Sequoia Capital's Growth Fund with existing investor Accel Partners participating.

AdMob has tripled the number of ads served monthly to 4.5 billion in September 2008. Its publisher network now include

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.