Keating Capital, Inc. (Nasdaq: KIPO) (www.KeatingCapital.com),
a business development company, announced that it has made a $5 million
investment in the $27.5 million Series G Convertible Preferred Stock
round of Jumptap,
Inc. (“Jumptap”). Keating was the lead investor in the round and was
joined by existing investors, including General Catalyst, Redpoint
Ventures, Summerhill Ventures, Valhalla Partners and WPP.
Founded in 2005 and headquartered in Cambridge, Massachusetts, Jumptap
is a mobile advertising network and data platform that helps global
brands to target, place and track advertising on mobile phones and
tablets. Jumptap utilizes its proprietary targeting technology, industry
partnerships and third-party data to optimize mobile advertising
campaigns by identifying and targeting the most relevant mobile
audiences.
“The burgeoning mobile web and the proliferation of smartphones present
a highly complex landscape for advertisers and publishers to navigate
and utilize effectively,” noted Timothy J. Keating, CEO of Keating
Capital. “We believe Jumptap’s platform helps mobile advertisers more
effectively connect consumers to their favored brands, services and
products. We are excited by the opportunity to invest in Jumptap, and
look forward to supporting this exceptional leadership team as they
continue to execute on their vision,” added Mr. Keating.
Jumptap is Keating Capital’s sixth new portfolio company investment in
2012. With this investment, Keating Capital has now made investments of
$63.0 million in 20 portfolio companies, including $27.1 million
invested year-to-date.
About Keating Capital, Inc.
Keating Capital is a business development company that specializes in
making pre-IPO investments in innovative, emerging growth companies that
are committed to and capable of becoming public. We provide investors
with the ability to participate in a unique
fund that allows our stockholders to share in the potential value
accretion that we believe typically occurs once a company transforms
from private to public status. Keating Capital’s shares are listed on
Nasdaq under the ticker symbol “KIPO.”
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Forward-Looking Statements
This press release may contain statements of a forward-looking nature
relating to future events. These forward-looking statements are subject
to the inherent uncertainties in predicting future results and
conditions. These statements reflect Keating Capital’s current beliefs,
and a number of important factors could cause actual results to differ
materially from those expressed in this press release, including the
factors set forth in “Risk Factors” set forth in Keating Capital’s Form
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limited to the risks and uncertainties associated with investing in
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update any forward-looking statements, whether as a result of new
information, future events or otherwise. The reference to Keating
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information contained on such website is not incorporated by reference
into this press release.
Third Party Websites
The hyperlink to Jumptap’s website is located on a third party server
that is not associated with Keating Capital. Keating Capital does not
endorse this website, its sponsor, or any of the policies, activities,
products, or services offered on the site or by any advertiser on the
site. Keating Capital does not take responsibility for third party
websites and is not responsible for the accuracy or completeness of any
business, financial or other information contained on such website.
