Tapjoy Secures $30 Million In Latest Funding Round

Mobile ad network Tapjoy has secured an additional $30 million in Series D financing, the company announced Wednesday. The funding will be used to accelerate the company's technology roadmap, expand its advertiser relationships, broaden its services, and "aggressively pursue new opportunities," the company said. The latest round was led by investors advised by J.P. Morgan Asset Management, and includes investors from Rho Ventures, North Bridge Venture Partners, InterWest Partners an D.E. Shaw Ventures. "We are delighted to receive such outstanding support from our existing top-tier investors and to have attracted J.P. Morgan Asset Management to support our growing momentum. It is a strong vote of confidence in our technology, our people and the Tapjoy model," said president and CEO Mihir Shah in a statement. The funding follows a $21 million round led by Rho Ventures earlier this year.