Press Release
July 25, 2012

Goodwin Procter Client Jumptap Secures $27.5 Million in New Financing

Leading mobile advertising company Jumptap has just closed $27.5 million in equity financing, the proceeds of which will be used to accelerate growth through investments in product and technology development.

Existing investors including General Catalyst Partners, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP as well as two new investors — Keating Capital and a large, unidentified institutional investor — participated in the round announced July 2.

“We were pleased to help Jumptap secure this vital capital at an exciting and important moment in the company’s history,” said Goodwin partner Bill Schnoor, who worked with partner Bob Bishop on the financing deal. “We look forward to helping them continue their expansion in a dynamic marketplace.”

Goodwin Procter has advised Jumptap since its inception and has advised the company in each of its financing rounds.