MOLOCO raises $150M Series C led by Tiger Global at a $1.5B valuation – TechCrunch

MOLOCO, an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion. This is separate from the $20 million Series C round MOLOCO announced three months ago, which brought it to unicorn status. Co-founder and chief executive officer Ikkjin Ahn told TechCrunch that MOLOCO raised again so soon because "as we gear up for a potential IPO, we wanted more funding to help us grow faster." Founded in 2013 and based in Redwood City, California, MOLOCO has now raised $200 million in total. The company claims it has "consistently grown in excess of 100% annually," and has an annual net revenue run rate of more than $100 million.