We are thrilled to announce that Adfonic has just completed its first round funding of $600k from Gordon Shields, a private investor based in the UK. This is fantastic news for us given the current economic climate for companies trying to raise funds.
Our investor, Gordon Shields, brings significant entrepreneurial experience having already built successful international businesses. We look forward to working closely with Gordon and taking Adfonic to the next stage.
Here’s a quick overview on what we plan to spend the money on …
- Continued Product Development : We’ve got some ground breaking stuff coming up in our next release that’s going to change the way advertisers buy mobile media; we will continue to innovate cool stuff that advertisers and publishers really want and maintain our position as the leading mobile advertising technology platform.
- Recruitment : – We are hiring. We are currently looking for outstanding ad sales people based out of London as a first priority.
- International expansion : Extending the Adfonic footprint and developing strategic and tactical relationships in Europe, Asia, Africa and US.
- Plus a few things we can’t tell you about yet … 
If you want to find out more, check out our funding press release.