Vicky Sukarma co-founded MobGold raises $12 Million

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Bangalore: MobGold, a platform provider in mobile advertising network and mobile transaction solutions, has raised $12 million in series B financing round. This funding round is led by the expansion-stage venture capital Fast Global Investments.

The company plans to use the new investment for product development, marketing and market expansion. "MobGold has made huge strides over the past year to solidify its position as a leading mobile advertising company," said Alan Chang, President and CEO, MobGold. "Fast Global Investments' venture in MobGold is strategically significant for the industry at large, and it validates the efforts we've made to make MobGold the thriving company it is today." Vicky Sukarma is the Co-founder and the Head of Technology in MobGold.

Founded in 2008, MobGold allows publishers, network operators, web portals and mobile phone retailers to monetize their mobile traffic; at the same time, allows advertisers to market their products and services in different mobile platforms, by allowing consumers to access millions of contents and services on the move. By harnessing the mobile devices as a promotional tool, MobGold Network helps publishers drive data revenues and ARPU by attracting and retaining high value customers.

MobGold has expanded its mobile advertising network into the U.S., the UK, Spain, South Africa, India, Indonesia and Thailand as of to date. Through the worldwide ad serving platform, MobGold Network serves targeted ads within its community effectively, making mobile advertising more efficient and cost effective for both publishers and advertisers. According to the company, mobile is the future of digital marketing and as the new media to outshine the conventional web media.

"We're committed to working with the world-class team at MobGold to help this company build upon its leadership position in the mobile advertising industry," said Qimie, Vice President and Investment Director of Fast Global Investments.

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