Apsalar Closes $9m Funding Round

Apsalar has closed a $9m (£5.8m) Series B round of financing. 

The round was led by DCM, with participation from Correlation Ventures and existing investors including Thomvest Ventures and DN Capital.

Apsalar offers a Demand-Side Platform (DSP) for mobile advertising, along with a free analytics platform.

“There is a tangible need in the market right now for high-ROI mobile user acquisition, and we are excited to be able to fill that need,” said Michael Oiknine, CEO and co-founder of Apsalar. “We look forward to continuing to innovate on behalf of the rapidly growing customer base of leading brands and agencies that we work with, as we continue redefining the mobile advertising space towards measurable, ROI-driven marketing.”