Millenial Media Raises $16 Million In Series C

Millenial Media is a mobile ad network that competes with AdMob. AdMob was recently acquired by Google for $750 million in stock. Millenial Media is based in Baltimore, Maryland and raised $16 million in Series C for New Enterprise Associates, Bessemer Venture Partners, Columbia Capital, and Charles River Ventures.

Millenial will use the funding to help push the company past profitability, grow overseas, hire additional talent, and build more technology. Given that Google already spent a ton of money on a mobile ad network it seems uncertain what Millenial’s exit strategy will be.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Millenial Media Raises $16 Million In Series C Comments

  1. recession says:

    The total U.S. mobile-ad market generated $877 million in 2010, IDC estimates. Google, the market leader, solidified its standing last year, when it bought mobile advertising network AdMob for about $700 million. Apple, which ranks second, made its own inroads by purchasing the Quattro Wireless ad network for an undisclosed sum in 2010. Quite a sum of money, isn't it? These people advertising there try to do their best to lower sales' cost , using ads to replace sales' staff.

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