Mobile ad firm Nanigans raises $5.8M

Written By Unknown on Rabu, 24 April 2013 | 22.26

Nanigans, a Boston-based advertising technology company, said this week it has closed $5.8 million in a round of funding.

The financing was led by Avalon Ventures of Cambridge. In 2011, the company received $3.1 million in funding, officials said.

With the latest round of funding, Nanigans will focus on three core growth areas -- expanding its paid social offerings and ramping up mobile product offerings; vertical diversification; and hiring across the company's product, engineering and customer success teams in North America and Europe, officials said.

"We're at a point of confidence with the progress we've made as a result of our Series A funding, and it's now time to enter the next phase of the Nanigans story," said company CEO Ric Calvillo.

Nanigans has offices in Boston, New York, San Francisco and London.


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