Summary:

Ad-funded, youth-oriented mobile virtual network operator Blyk has raised a massive $50.4 million in its third round from existing investors…

imageAd-funded, youth-oriented mobile virtual network operator Blyk has raised a massive $50.4 million in its third round from existing investors – Europe’s second biggest media/tech investment this year, according to LibraryHouse. The funding is a real boost for the company, both in terms of money as well as belief in its business model, which some advertisers weren’t always convinced of. It also has a new partnership with operators in place, though the brief statement did not go into detail as to what this new strategy entails. Full details on our sister site paidContentUK

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