Translink, Vangoo Back Chinese Mobile Ad Platform with US$12 Million (Asia)

Source: AVCJ | Susannah Birkwood

Silicon Valley-based Translink Capital and Japan’s Vangoo Investment Partners have led a US$12 million Series B round of fundraising for Chinese mobile-based advertising platform Adwo. The new funding will be used to expand the company’s operations, and to open offices in Hong Kong and Japan. This investment follows a US$1 million Series A round in the first half of 2011.