Aquto raises USD8m in Series B funding

Aquto said it has closed a USD8 million Series B funding round led by Iris Capital.

The round also included participation from STC Ventures and existing investors Matrix Partners and Northbridge Venture Partners. The company has raised over USD16 million to date.

Aquto plans to use the funding to expand its global footprint, making mobile data accessible for consumers around the world.

Aquto is a leader in sponsored data and data rewards with tier one operator deployments in the US, Europe and Asia. Founded in 2012 with headquarters in Boston, provides a frictionless way for app developers, advertisers and marketers to engage with users over mobile through zero rated content/apps and data rewards, and a new way for operators to monetize their data and network assets.