Madvertise Secures $10M In VC Financing

Madvertise, a mobile advertising platform, has secured $10 million in series-B venture capital financing. The investments came from existing German investor,Earlybird Venture Capitaland as well as San Francisco’sBlumberg Capital.

The company will use the proceeds to reinforce its dominant position in the German speaking markets and expand into other European markets. At present, the company’s headquarters are in Berlin. Its other offices are spread across Europe including in Hamburg, London, Barcelona, Madrid and Milan.

Click here for the release fromEarly Bird.