Mobile advertising mediation platform Appodeal received $8 million from a group of investors led by the Moscow business incubator Impulse VC.
Under the terms of the deal, Impulse VC received a minority stake in Appodeal.
Appodeal reported that the funds raised will be used to develop mediation algorithms and create new products.
Appodeal was founded by Russian Pavel Golubev in 2015. The company is based in California.
As Golubev said in October last year, the advertising turnover of Appodeal is $ 5 million per month.
Also on the topic:
- Appodeal: “Our advertising turnover is about $5 million per month”The American service for monetization of applications with Russian “roots” Appodeal raised $3.1 million
- Source: Appodeal