Crisp Media Gets $6 Million

  • April 28, 2011
Mobile rich media ad provider Crisp Media has secured $6 million in financing from Singapore-based investment firm EDBI and existing backers Meritage Funds and Intel Capital. That brings its total raised to about $11 million. The company said it would use the new capital to support the international expansion of Crisp Engage, its self-service rich media ad management platform. It will also establish a presence in Singapore to be co-located with the Asian headquarters of global ad agencies.

"Brands everywhere want to engaged with mobile consumers," stated Crisp CEO Boris Fridman. "This funding allows us to meet the growing demand of global agencies and publishers for rich media ads and to drive the diffusion of Crisp Engage platform throughout the Asia Pacific region." Crisp ad clients include GM, Ford, HP and Coca-Cola.--Mark Walsh

advertisement

advertisement

Next story loading loading..