Mobile Ad Platform Moloco Is Now Valued At $1 Billion

Seems like almost every ad tech company you meet these days has attained unicorn status. Mobile ad platform Moloco has raised a Series C funding round, announced Thursday, that brings its valuation to $1 billion. The funding came courtesy of the South Korean investment banking group Shinhan GIB and a handful of other new and existing investors, including VC and private equity firm Smilegate Investment, which also participated in Moloco’s Series Moloco declined to reveal the specific amount of funding it received this time around, although a previous report estimated that Smilegate’s portion of the round is around $20 million on its own.

Link: Mobile Ad Platform Moloco Is Now Valued At $1 Billion
via http://www.adexchanger.com

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