EDBI of Singapore led the series C round for Smaato. Aeris had led the company's $4.5m series B round in December 2009.

Smaato, a Singapore-based provider of mobile advertising and ad optimization software, has raised $7m from the local government and Aeris Capital, a quasi-corporate venturing vehicle managing the wealth of SAP co-founder Klaus Tschira.

EDBI of Singapore led the series C round for Smaato. Aeris had led the company’s $4.5m series B round in December 2009.