The round also included participation by STC Ventures and existing investors Matrix Partners and Northbridge Venture Partners. To date, the company has raised over $16 million. Aquto plans to use the funding to expand its global footprint, making mobile data accessible to consumers around the world.
‘As we move into the next phase of our business, we are excited to partner with investors with global experience and unique capabilities that will accelerate our growth,’ said Susie Riley, CEO of Aquto. ‘The new capital gives us fuel and flexibility to forge partnerships and collaborations with operators, brands and app developers that will help shape the future of mobile experience. ”
The explosion of smartphones, social media and content has transformed the lives of billions worldwide. Recognizing the critical need for connectivity, Aquto is promoting the use of mobile internet to make data easily accessible to consumers. Aquto’s data sponsored approach includes:
‘Zero Rating’-allows mobile customers to access online content free of data charges.
‘Data Rewards’-allows mobile customers to receive free data from third party sponsors that they can use to browse and stream content to their mobile device.
‘Sponsored data is the next major step in the development of mobile connectivity,’ said Alexander Wiedmer, Iris Capital Partner. ‘Aquto’s strategic vision brings value to telecommunications, publishers and advertising ecosystems and thus aligns well with Iris’ own strategic partnerships with Publicis, Orange and STC, global advertising and mobile market leaders. ”
Towards Aquto
Aquto is a leader in sponsored data and data rewards with Tier 1 operator deployments in the US, Europe and Asia. Founded in 2012 with headquarters in Boston, it provides an unbridled way for app developers, advertisers and marketers to engage mobile users through zero rated content/apps and data rewards, and a new way for operators to monetize their data and network assets. Visit www for more information. Oh, aquto Come or follow @aquto on Twitter
About capital of Iris
Iris Capital is the manager of a European venture capital fund specializing in the digital economy Since its inception in 1986, the Iris Capital team has invested more than EUR 1 billion in more than 250 companies. Iris has a strategic partnership with Orange and Publicis; On the basis of its strong industry expertise and experience, it actively supports its portfolio companies and has offices in Paris, Cologne, Berlin, San Francisco, Montreal, Riyadh, Dubai, Beijing and Tokyo. For more information, please: www Capital of iris Come on,
About TCC Ventures
STC Ventures is a venture capital fund managed independently by Iris Capital, the anchor investor of which is the Saudi Telecom Company. STC Ventures focuses on equity investments in the information technology, telecommunications and digital media/entertainment sectors; seeks to support the development of innovative technology companies in Saudi Arabia, the GCC, Levant, North Africa and Turkey, as well as to fund globally-based international companies seeking capital and access to the MENA region. The STC Group is MENA’s largest telecommunications company, ranked among the top 20 mobile networks in the world and serving more than 160 million subscribers. www www Stcventures: Come on,
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