InMobi Gets $8 Million From Kleiner Perkins And Sherpalo Ventures
July 13, 2010 at 06:47 AM EDT
InMobi, the largest mobile ad network that hasn't been acquired, has raised another $8 million in funding. The round was led by existing investors Kleiner Perkins Caufield & Byers and Sherpalo Ventures and brings their total raised capital to $15.6 million . We've estimated that the company did around $35 million in revenue in 2009, and may hit $75 million for all of 2010. We've covered this startup a lot recently. In particular they are are extremely well set up for explosive growth in the U.S., a new market for them.