MyThings Raises $6M of Series C Funding
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Menlo Park, California – myThings, a personalized ads solution developer has raised $6 million in a series C funding led by the venture arm of Deutsche Telecom, T – Venture. Accel Partners, Carmel Ventures, Dot Corp., and GP Bullhound also participated in the financing.
Arbel said, “The investment by Deutsche Telekom, which controls 60 percent of internet traffic in Germany, will enable us to grow. The visual-conduct ads sector is hot, and we’re one of the two leaders in the European market.” InteractiveMedia managing director Frank Bacher said, “What impressed us with myThings is the company’s technology, which generates significant increases in return conversation rates in a retargeting market which is growing exponentially in Europe, as well as the responsiveness of the entire myThings team.”
Funding Total: $6,000,000
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|Investors: T-Venture, Carmel Ventures, Dotcorp Asset Management, GP BullHound Sidecar|