Peter Kafka

Recent Posts by Peter Kafka

Mobile Ad Network Jumptap Raises $25 Million

Jumptap, a mobile ad network that has raised some $70 million over the last 6 years, has now raised $25 million more.

Previous investors AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP participated in the newest funding round; the company says new investors came aboard as well, but won’t name them.

Much of the funding had previously been disclosed via a regulatory filing in April.

Jumptap is one of several well-funded mobile ad companies yet to be snatched up by a bigger player. But many have: Google bought AdMob, Apple bought Quattro Wireless, and last month ValueClick bought Greystripe for $70 million. Competitor Millennial Media, which raised its own big round in January, talks often about its ambitions to go public.

CEO George Bell joined the company less than a year ago; he had previously been a managing director at Jumptap backer General Catalyst.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik