Boston based mobile advertising exchange company Nexage, has raised an additional $5m in Series B funding from US-based media company Hearst Interactive Media.  contributed to a total of $15m along with Singtel Innov8, Grandbanks Capital and Relay Ventures.

On 6th June, Nexage closed a $10m deal with Singtel Innov8, the corporate venturing unit of the Singtel Group, an Asian telecommunications group.

Chief Executive Officer of Nexage, Ernie Cormier, stated Nexage’s recent funding would help to fulfil the company’s “desire…

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