iPhone App Ad Manager AdWhirl Closes $1 Million Seed Round
Competition continues to increase in the iPhone and iPod Touch app monetization space, and ad network optimization service AdWhirl recently announced that it secured $1 million in financing in a seed round led by Foundation Capital. Founded in April of this year, AdWhirl has become very popular in a short span of time. More than 1,000 iPhone and iPod Touch developers use the service, which servers over 1 billion impressions per month across 160 countries.
While the recession has been tough on online advertising, investors seem confident in the mobile advertising market.
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