Offermobi Raises $1M For Performance-based Mobile Advertising Platform

Exclusive - Offermobi, a startup that debuted the first performance marketing network for mobile advertising campaigns in the United States, has raised $1 million in funding. The capital comes from New York-based ARC Angel Fund and some of its limited partners. According to the fledgling company, the money will be used to bring on new hires in the areas of business development and affiliate management. In addition, resources will be devoted to the launch of mobile offers in new vertical markets for the company, including finance and entertainment.

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