Zeotap, a technology company that helps telecom operators activate and monetize their data assets, has raised a series A funding of $6.4 million from Capnamic Ventures, Iris Capital, and other investors. The new investment will be employed towards zeotap’s international expansion as well as to substantially grow its global technology centre in Bangalore, India.
Launched in November 2014 by Daniel Heer, Stephan Schwebe and Projjol Banerjea as a data platform to connect Mobile Network Operators with the app and advertising ecosystem. It has raised seed funding from HitFox group and other angel investors.
The company ensures compliance with privacy legislation and zero data leakage for operators. It works with publishers and supply-side platforms to optimize yield as well as advertisers and demand-side players to make ad buying more efficient. The company’s current client portfolio includes some of the telecommunications companies in Europe and Asia. The firm is looking to expand its engineering team in Bangalore, India, led by Ameya Agnihotri, Zeotap’s VP Engineering. It is hiring for engineering and product management roles in Bangalore. It will also add offices in Mumbai and New Delhi.
Capnamic Ventures is a venture capital fund focused on fast-growing companies in the early stages of business. Its current/previous investments include Plista (acquired by GroupM/WPP), Tradoria (acquired by Rakuten), LeanIX, Adjust and Mediakraft Networks.