CAMBRIDGE, Mass.—Mobile search startup JumpTap Inc. snared $22 million in a financing round as it welcomed new investor Valhalla Partners.
Valhalla led the round, and existing investors General Catalyst Partners, BCE Capital and Redpoint Ventures also participated. JumpTap, which offers a white-label mobile search product similar to Google Inc.’s successful AdWords offering, said it will use the cash to expand its operations in the United States and Europe.
JumpTap garnered $21 million in financing last December, and hopes to allow carriers a way to compete against Internet search behemoths such as Google and Yahoo Inc.
“Our previous funding rounds allowed us to develop an outstanding team of mobile and search professionals, and consequently, a market-leading mobile search and advertising solution,” said Chief Executive Officer Dan Olschwang. “This new investment will help JumpTap increase our lead over the market’s other pure-play search providers.”
