AudioMob raises $14m in Series A funding
In-app advertising company now valued at $110 million, aims to expand London and Abu Dhabi locations
In-game audio ads platform AudioMob has raised $14 million in a round of Series A funding, and has a current valuation of $110 million.
The round was led by Makers Fund Lightspeed Venture partners, with additional investment from Sequoia Capital and Google.
The company, founded in 2020, will use the money raised to expand its teams in both London and Abu Dhabi, to further develop its products, and also hire new heads for key departments across the business.
We're thrilled to see investors' excitement for AudioMob's vision for long term success and our future," said AudioMob CEO Christian Facey. "We're on the precipice of innovating a whole industry with audio and now we're able to build out our tech and team to ensure we're disrupting the industry in the right way and ensure we eventually become a future tech industry unicorn."
Paul Murphy , partner at Lightspeed Ventures, added: "We're incredibly excited to partner with AudioMob as they aim to both set the standard and become the industry leader for this exciting new ad format."