The Guardian
trending topics
Close Box

Register now

Our next conference: paidContent 2012, March 1 in NYC.


Placecast Gets $3 Million More For Location-Based Ads

  • Comments Comments (View)
  • Text Size: A A

Location-based ad startup Placecast has added $3 million in additional funding. The company says it will use the cash to expand its ‘ShopAlerts’ service, which sends people promotional text messages when they’re near a specific retail location. (It’s all opt-in). This is a double hot space—with both Google (NSDQ: GOOG) and Apple (NSDQ: AAPL) buying up mobile ad networks and with ‘location’ seemingly replacing ‘real-time’ as the buzz word du jour.

SEE ALSO: Location-Based Ad Net 1020 Placecast Raises $5 Million Second Round

And indeed, in its announcement, Placecast takes the highly unusual step of mentioning a specific company that theoretically could be interested in acquiring it. Talk about chutzpah! (From the e-mail a representative sent us: “The 451 Group’s mobile analyst, Thomas Rasmussen believes the next mobile ad M&A will happen with a location twist. He predicts someone like Nokia (NYSE: NOK) will want to buy a company like Placecast.”)

This is an add-on to the $5 million round the company raised only five months ago. The cash is coming from existing investors, Quatrex Capital, ONSET Ventures and Voyager Capital.

Mar 23, 2010 7:00 PM ET

Shopalerts


Posted In: Advertising, Local, Mobile, Money, M&A & Venture Capital, Venture Capital

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

YouTube Videos YouTube Videos
1. OK Go - Needing/Getting - Official…
2. Chrysler Commercial - It's Halftime…
3. M.I.A. at Super Bowl Halftime in HD
4. M.I.A. Flips off America
5. Kevin Love stomps Luis Scola (alternate…
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff