Tech Company Financing Transactions
Nanigans Funding Round
Nanigans closed a $24 million Series B venture capital round on 3/25/2015. Backers included Cheetah Mobile, Avalon Ventures and Wellington Management Company.
Transaction Overview
Company Name
Announced On
3/25/2015
Transaction Type
Venture Equity
Amount
$24,000,000
Round
Series B
Investors
Cheetah Mobile (Lead Investor) (Sheng Fu)
Avalon Ventures (Richard Levandov)
Proceeds Purpose
The funding follows Nanigans successful transition to a true Software-as-a-Service (SaaS) business model. The investment in Nanigans by Cheetah Mobile, a leading Chinese Internet company, underscores the global nature of the market and will accelerate its business in Asia under a strategic commercial agreement between the two companies.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
100 Summer St. 31st Floor
Boston, MA 02110
USA
Boston, MA 02110
USA
Phone
Website
Email Address
Overview
Founded by veteran entrepreneurs with specialties in performance and social marketing, Nanigans was formed to help advertisers maximize the effectiveness of Facebook advertising. Nanigans is the only real-time bidding platform for the Facebook ads marketplace that optimizes for downstream actions and lifetime customervalue.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ric Calvillo
Chief Technical Officer
Claude Denton
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records on this site are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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