Happy to Announce We Secured $3.5m Round B from Evergreen Venture Partners and Others
By: Hillel Fuld (@hilzfuld)
Great news, folks!
We have just finalized a new round of $3.5 million in financing led by Evergreen Venture Partners along with existing private investors and new ones from the US and Europe, bringing the company’s funding to a total of $8.5 million. Evergreen also led inneractive’s previous round in 2010 and is also an investor in Taboola and Flash Networks, both active in the web and mobile monetization segments and many other hi-tech companies.
We have gotten some amazing love from the tech blogging community. Check out the coverage on
- Mobile Entertainment
- Inside Mobile Apps
- Mobile World Live
- Dow Jones
As our CEO Ziv Elul told the press, “These are exciting times at inneractive as we are scaling faster than ever before. This new round will help us bring more talent on board as well as facilitate our plan to increase our impressive growth and open new offices in NYC, India and Singapore in addition to the ones in London, Tel Aviv and the Silicon Valley.”
Adi Gan, General Partner at Evergreen said “inneractive is showing tremendous growth and traction. The mobile advertising and monetization space is growing exponentially and inneractive is at the cutting edge with a leading exchange that is already monetizing apps across all platforms. We are excited to be an active partner on this journey.”
About Evergreen Venture Partners
Evergreen was established in 1987 by Jacob Burak as one of Israel’s first Venture Capital firms, and has grown into a leader, generating successful exits with tangible rewards for investors and entrepreneurs.
Evergreen’s current $700 million of venture capital funds under management invested in more than 120 technology companies represent one of the largest portfolios in Israel.
Evergreen’s investments are focused on early stage Israeli companies in the following fields: Communications, Internet and Media, SoftwareHealthcare and Cleantech. Evergreen’s investments are positioned in different segments of each of these markets to comprise a well diversified and balanced portfolio of companies.
On another note, if you haven’t seen our market landscape yet, check it out!
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In addition, to sign up with inneractive and start monetizing your free apps now, click here.
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