US-based local mobile advertising network xAd raised $9m in funding yesterday from Softbank Capital, the venture capital (VC) firm affiliated with telecom, internet and media conglomerate the Softbank Group, as well as financial services firm the Silicon Valley Bank, VC firm Emergence Capital Partners and VC fund Palisades Ventures.
xAd has now raised a total of $40.4m since its inception. In addition to the current investors, xAd’s previous backers include telecommunications company Siemens Mobile Acceleration, mineral exploration company Arcturus Ventures,…
