Madrid-based TapTap Networks, a mobile advertising network operating in Spain, is taking venture capital to build on ongoing mobile media growth. The company has announced today the closing of a Series A financing round of $4,5 million led by Nauta Capital. Nauta has made this investment out of its Nauta III Fund.
With the funds, Tap Tap Networks wants to expand internationally, especially in the U.S. and Latin America.
The company manages mobile ads on 200 sites including Grupo Prisa, Hearst Group and 20 Minutes, and works with national and multinational brand advertisers including Mercedes-Benz, Loewe, Renault, Coca-Cola, BBVA, HP, La Caixa, P&G, Hyundai, Vodafone, Universal, Unilever and El Corte Ingles.
Jordi Viñas, General Partner at Nauta Capital who led the transaction, says: "Through the investment in Tap Tap, Nauta reinforces its commitment to leading teams and projects in Spain, with an ambition to create value and with international expansion goals in the United States and Latin America.”