Jumptap Raises $26 Million Series D To Take On Google In Mobile Search; Strengthens Ties to AT&T (://URLFAN)

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Jumptap Raises $26 Million Series D To Take On Google In Mobile Search; Strengthens Ties to AT&T

Post Date: Aug 26, 2008 7:25 a.m.
Ranked website: ajax-blog.com (Ranks #230268 of 3,783,534)

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Mobile search and advertising startup Jumptap has raised more than $26 million in a series D round led by AllianceBernstein. Existing investors General Catalyst Partners, Summerhill Venture Partners, Redpoint Ventures, Valhalla Partners, and WPP also participated. That brings the total capital raised to $73 million. Jumptap us going to need all the gunpowder it can get. Mobile search is the next big frontier in search as more and more Web-capable phones hit the market. Witness Google’s recent deal to power Verizon’s mobile search . Nevertheless, only 7 percent of mobile subscribers in the U.S. use search. Going up against Google, even in a nascent market, is a tough proposition. But Jumptap thinks it has an edge. CEO Dan Olschwang says: We have a little different approach. We present a more usable result on the mobile phone than incumbent search engines. We are not trying to take Web results and shrink them onto a small screen. If you are standing on a s...

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