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Advertising Vendor Nanigans Raises $24 Million

“Social media advertising vendor Nanigans Inc. has raised $24 million in a Series B funding round led by Chinese software company Cheetah Mobile. Current investor Avalon Ventures and new investor Wellington Management Company LLP also participated.”

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With $24M in New Funding, Ad Tech Firm Nanigans Will Hire 100 and Expand into Asia

“Nanigans Inc., a Boston-based ad tech firm, has closed a $24 million round of Series B funding, led by Cheetah Mobile, a Chinese mobile Internet company. Also participating in the funding is current investor Avalon Ventures and new investor Wellington Management Company LLP.”

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Nanigans Gets $24M for Social Media Ad-Tech Expansion

“Social media is big business — and it should get even bigger as traditional ad spending continues moving to digital channels. One of the beneficiaries of that shift is Nanigans. The five-year-old company, based in Boston, helps advertisers get the most out of their marketing budget by allowing them to target their digital ads and see how well they perform across hundreds of millions of social-media users.”

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Nanigans Doubles Down on Self-Serve with $24M Series B Cash Infusion

“Facebook ad partner Nanigans is lining its coffers with $24 million in fresh funding. The Series B round, announced Wednesday, is being led by Chinese software company Cheetah Mobile, with participation from Avalon Ventures and Wellington Management Company LLP. Nanigans’ total funding now stands at just under $33 million.”

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Nanigans Raises $24M to Fuel Asian Growth and Expand Its Ad Tools Beyond Facebook

“Until now, Nanigans had raised just under $9 million in funding — not much, when you consider that it currently manages $500 million in annualized ad spend, and has offices in New York, San Francisco, London, and Sydney, plus its headquarters in Boston and the aforementioned Singapore team.”

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