Mobile Ad Exchange Nexage Raises $10M Led By SingTel Innov8

Nexage, a mobile ad exchange using real-time bidding, has raised $10 million in Series B funding. The round was led by SingTel Innov8, the venture arm of Asian telecom company SingTel. Nexage CEO Ernie Cormier says Singtel is approaching this like any other venture investment, and that "there's no requirement int the funding that we do X, Y, and Z for SingTel." At the same time, there are likely to be some partnership opportunities, especially given Cormier's stated "desire to expand our footprint into Asia."

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