28 May 2018, India:
MobileWalla has raised $12.5 million in Series B round of funding. The funding round was led by GCP Capital. ATW Partners and existing investor Madrona Venture Group also participated in the funding round.
The fresh capital will be used by MobileWalla to accelerate global growth and data science innovation.
“This fundraise comes at a critical time in Mobilewalla’s journey. We have been expanding our global footprint, and we can now put real resources behind geographies like Japan, Korea, and Australia, all of which have such incredible growth potential. Additionally, we’re now able to grow our data science team, enhancing our ability to take strategic data acquisitions from partners, and make them even better and more precise. Our ability to combat fraud, predict age and gender, and verify footfall traffic, will all take a leap forward this year,” said Anindya Datta, CEO & Founder of Mobilewalla.
“GCP Capital Partners has invested in and evaluated numerous businesses in the consumer data industry. In an industry where many companies claim to possess differentiated data, we were excited by Mobilewalla’s truly unique product capabilities, especially around data cleansing, fraud mitigation and storage,”said Boris Gutin, Managing Director of GCP Capital Partners.
Boris Gutin added, “We invest in people first, and Team Mobilewalla’s vision, innovation and ability to stay ahead of the curve, particularly at a time when consumer data companies are under careful scrutiny, has proven to be absolutely best-in-class.”
MobileWalla is a next generation consumer data company, employing time-based analysis of location and app usage on a global scale. It was founded in 2011. It is Headquartered in New York. It has offices in NYC, Atlanta, Australia, London, Singapore, and recently opened in Kolkata, India.
(Image – GCP Capital Partners)