AudioMob raises a $14 Million Series A

AudioMob is a startup that provides ‘non-intrusive audio ads within mobile games. It turns out that gamers don’t seem to mind little ads like this popping up, and somehow AudioMob seems to have cracked the mechanic.

It’s now raised a $14 million Series A round led by Makers Fund and Lightspeed Venture Partners. Also participating are Sequoia Capital and Google. Total investment to date is now at $16 million. 

The company plans to continue its experimental audio technology, file patents in more countries, and expand its offices in London and Abu Dhabi. It’s also now claiming a valuation of around $110 million.

I met founders Christian Facey, CEO, and Wilfrid Obeng, CTO, last year when they were spinning up the startup and had gained traction early on, working with Ed Sheeran and Nas alongside brands like Intel, Jeep and KitKat.

AudioMob is now serving audio ads inside mobile games in all countries outside of China with notable rising stars being the UAE, Germany and Canada.

Christian Facey, CEO at AudioMob said: “We’re thrilled to see investors’ excitement for AudioMob’s vision for long term success and our future. We’re on the precipice of innovating a whole industry with audio and now we’re able to build out our tech and team to ensure we’re disrupting the industry in the right way and ensure we eventually become a future tech industry unicorn.”

Wilfrid Obeng, CTO at AudioMob said: “We understand that consumers don’t want to be interrupted, advertisers want their ads to be heard and game developers want to ensure monetization does not affect retention. And now we have built products which meet all three needs.”

Google selected AudioMob as part of 30 startups it funded from its Black Founders Fund in Europe earlier this year.

AudioMob seems to be a non-intrusive audio ad solution that enables the monetization of mobile gamers without damaging retention. I’m sure the company will continue to prosper in its journey ahead. My best wishes to the team of AudioMob.

Shishir Gupta, Founder and CEO, of StartupLanes.

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For publishing an advertorial article about your company on our website, drop an email at taniya@startuplanes.com