Mojiva gains $25 million in venture funding

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New York—Mobile ad network company Mojiva Inc. has garnered $25 million in a third round of venture financing led by Shamrock Capital Advisors. Mojiva's previous investors Bertelsmann Digital Media Investments and Pelion Venture Partners also participated. The company has raised a total of $35 million to date. The Mojiva mobile advertising network represents 3,000 mobile Web publishers and apps, reaches more than 100 million monthly U.S. users and 400 million monthly users globally, according to the company.
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