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AdWhirl announced today that it has closed a one million dollar seed round led by Foundation Capital, with additional participation by several angel investors.
Founded in April of 2009, AdWhirl has apparently become the leading open ad platform for iPhone developers, with over 1,000 publishers and more than one billion ads served per month to iPhone and iPod Touch users through otherwise free applications. AdWhirl offers both advertisers and publishers the ability to leverage targeted and personalized advertising in more than 160 countries.
AdWhirl gives iPhone application developers a flexible platform to make money by managing and serving ads to their free apps from all of the top ad networks, including AdMob, Quattro Wireless, Videoegg, and Jumptap, with Millenial Media and Google’s Adsense coming soon.
“Our goal as a platform has always been to give developers full control over their ad space,” said Ra Roath, Co-Founder of AdWhirl. “In addition to adding new advertisers and optimizing ad revenues for developers, we intend to expand to other ad solutions such as offer-based rewards, so that developers have the flexibility to maximize revenues through multiple channels.”
AdWhirl’s platform also allows developers to cross-promote apps with free custom ads to gain distribution and boost sales of paid apps.
The company says that it will use the funds to expand out to other platforms such as Android, Blackberry, and Palm Pre, while developing new solutions for developers to more effectively monetize their ad space and obtain better distribution for their apps.
If you want to read more about Adwhirl, check out their site here.
By the way, speaking of iPhones, don’t forget to enter for your chance to win 1 of 3 iPhone 3G S’s that we’re giving away in just a couple days! IntoMobile’s iPhone 3G S Launch Day Giveaway Bonanza
About The Author
Ben Robinson
Ben is a 10+ year veteran of the Mobile industry – starting his career when SMS was a still a relatively new concept for most people (!), he has now consulted on everything from bleeding-edge Mobile content, to the next-gen accessories you might view it on. As a result he has a broad and deep knowledge in numerous areas of Mobile – from network operators to device vendors, to infrastructure and middleware vendors (not to mention content delivery) – and has worked for companies in all of these areas! He is based in the UK, a hotbed of activity for mobile, and recently became a father for the second time – as oppose to in his younger years when he was happy spend time tweaking all manner of mobile devices to 'nth' degree, he now looks for services and hardware that provide the most efficient, compact, and reliable improvements to his already manic life! It’s his opinion that Mobile solutions should be there to help to make your life better – if a particular solution (be it service or device) isn’t doing this, he believes you need to ask the very important question of why you continue to use it... His focus at IntoMobile is mainly on Mobile content, services, and infrastructure, particularly as regards the UK market – and with the occasional look at devices. Additionally, using his extensive experience in the industry, he will provide commentary on the industry at large, with regular (and hopefully thought-provoking) articles.
