Press for Jumptap

As we reported a month ago, mobile ad network JumpTap has raised a round of new funding. The company confirmed this today, announcing a $25 million financing round from AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP, as well as several new investors, who are not being disclosed. This brings the company’s funding to over $90 million.

Currently iPad and iOS devices as a whole enjoy ad interaction rates that are more than double of web ad engagement, and Cambridge-based Jumptap is making it easier to serve them. Today the company announced partnerships with five mobile marketing companies and ad platforms, from startups to industry leaders. The partnership will enable Jumptap to offer a wide range of solutions to its big brand customers – solutions that focus on making it less complex to navigate the mobile ad playing field.

Jumptap, the leader in targeted mobile advertising, today announced partnerships with five top rich media providers to deliver the most comprehensive range of rich media solutions and simplify the process for mobile advertisers. Partnerships with Celtra, Fluent Mobile, and PointRoll, as well as Crisp Media and Medialets, allow Jumptap to deliver the most comprehensive range of rich media solutions for big brand campaigns across its network of 8 billion impressions per month.

Jumptap, the leader in targeted mobile advertising, today announced that Jared Hand has been named Vice President of Sales. Hand brings extensive digital sales experience to Jumptap, having led successful sales teams at a variety of industry leading companies including Gorilla Nation and Clear Channel. The new appointment is the latest in a series of hires for Jumptap, as the rapidly growing company has added over 23 professionals since the beginning of 2011 from companies including Apple, IAC, Time Inc, and Maxus.