Wednesday, September 18, 2013

LA's Karlin Ventures Leads Investment In StrikeAd

Los Angeles-based venture capital investor Karlin Ventures is the lead investor in mobile advertising firm StrikeAd. StrikeAd, which is based in New York City, said it raised $7M in a funding round, which was led by Karlin Ventures, and also included DFJ Esprit, Softech VC and Siemer Ventures, along with Canyon Creek Capital and Scentan Ventures. Karlin's investment into StrikeAd was led by TX Zhuo. StrikeAd said it also received growth debt from Kreos Capital with the funding. StrikeAd now has two Los Angeles area investors backing the company; Siemer Ventures is also in Los Angeles. Karlin's Zhuo joins the company's board. More information »

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