Local Mobile Ad Company xAD Raises $4 Million

xAD is a mobile advertising that creates local ads. The company has raised $4 million in funding from Emergence Capital Partners. xAD is already profitable but they plan to use the funding for expansion and advancing their technology platform. xAD can identify, who, what, and where end users are and serves them relevant advertising. xAD currently serves 200 million local ad requests per month and has partnered with large mobile ad networks like Millenial Media for providing local ads. [TechCrunch]

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