The mobile advertising technology provider raised the cash in a series B round co-led by Samsung Ventures that will fund product development.
Samsung Ventures, a corporate venturing subsidiary of consumer electronics manufacturer Samsung, has co-led an $11m series B round for US-based mobile advertising technology developer Moloco with venture capital firm Draper Athena.
Mirae Asset Management, Smilegate Investment and KTB Ventures also took part in the series B round. The company had previously raised $6.6m in equity funding in July 2016 according to a regulatory filing, but has not disclosed details of the earlier round.
Founded in 2013, Moloco provides software that…
